The Economic Crisis in Higher Education

American higher education is facing a significant economic crisis, exacerbated by a declining number of high school graduates. With predictions of a 10% decrease in graduates by 2037, colleges and universities are struggling to attract students, especially smaller institutions that lack the financial cushions of elite schools. As costs continue to rise, prospective students question the value of expensive degrees, prompting institutions to enhance offerings with more perks and amenities. This challenging landscape compels institutions to rethink their strategies to survive amidst a climate of declining enrollment.