Since 2012 there have been more college closures in the United States than in the previous 40 years combined. Almost 600 schools have disappeared, the vast majority of them private institutions.

She says the decision to step down wasn't 'taken lightly' but that 'Temple is not the right home for me and my work advancing affordability.'

Cengage's survey shows their determination to attain a degree, but the cost could drive them away.

The highly respected leader takes over at the acclaimed Chicago-area institution, a place he knows well.