Moody’s has released a report arguing that revenue problems will triple the annual number of small colleges to close through 2017. An average of 5 colleges each year have closed over the past decade. With the attention Sweet Briar attracted before ultimately deciding not to close, the issue of college closures is top of mind lately. However, the question remains: what is the likelihood of more colleges closing?
I agree with Moody’s analysis if not their conclusions.