As if finding a suitable, affordable college isn’t hard enough, students must also find one that isn’t likely to close on them, experts say.
Every week, on average, a college or university closes, according to an analysis by the State Higher Education Executive Officers Association (SHEEO). That’s up from about two per month last year and could worsen this fall as college enrollment dwindles further, experts said.
When schools close, fewer than half of the students transfer to another school, SHEEO said. Of those who do, less than half graduate, SHEEO said. The others who reenrolled and didn’t finish, just added to their student debt and “added to the population of students who have some college but no credential,” SHEEO said.
