Demographics could trigger closures of US universities – study
Research by Philly Fed says fewer young people are enrolling, which is adding to financial pressures
Financial distress resulting from changing demographics and other factors is likely to cause many US colleges to close over the coming years, research from the Federal Reserve Bank of Philadelphia suggests.
The study, by Robert Kelchen, Dubravka Ritter and Douglas Webber finds the post-pandemic recovery in the US economy and longer-term trends are creating significant headwinds for the education sector.
A declining number of people are graduating from high school, the researchers argue. Moreover
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