More US colleges are at risk of closing or merging, Fitch says

More colleges and universities in the US are headed for closures or mergers, with enrollment declining across higher-education institutions, according to Fitch Ratings Inc.

Enrollment declines as well as pressures on tuition and student fee growth prospects have been a common thread among the downgrades that Fitch has meted out so far in 2023, Emily Wadhwani, a senior director at the firm, said in a report on Wednesday.

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