More colleges face bankruptcy even as top schools experience record wealth

Across the country, colleges are in crisis.

Fewer students went back to school again this year, dragging undergraduate enrollment down another 3.5% from last year, according to a report from the National Student Clearinghouse Research Center.

Combined with last autumn’s declines, the number of undergraduate students in college is now down 7.8% compared to two years ago — the largest two-year enrollment drop in the last 50 years, the report found.

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