I am commenting on the article “Higher education is headed for a supply and demand crisis” which appeared in the Washington Post earlier this year.
In the recent past, the percentage of high school graduates attending college in the US has steadily increased, with almost 70% of high school graduates now attending college. This article speculates that, due to projected demographic shifts in the population, in about a decade, this percentage will decrease. Some institutions are already having trouble meeting enrollment goals.
I’m trying to imagine what this future looks like for institutions of higher education. We know that currently, a few institutions close each year. If demand decreases, will we see a slew of institutions closing in a short period of time? How will the change in supply and demand affect the cost of higher education?