Iowa Wesleyan University recently closed, marking a trend of college closures due to financial losses from attracting fewer students.
The anticipated "demographic cliff" reflects a significant decline in the number of 18-year-olds entering college, stemming from declining birth rates.
Experts warn of economic repercussions, with fewer graduates leading to a shortage of skilled labor necessary for various industries.
Current projections show a 13% decrease in the number of high school graduates eligible for college by 2041.
Concerns also arise regarding the perception of college value, leading to decreased enrollment and further economic implications.
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