The number of American private, nonprofit four-year colleges that closed in the past 10 years: > 500

Bad news! That is a serious loss of diversity! 

But in the age of aging, shrinking populations, online education etc. this is not unexpected.

"The number of private, nonprofit four-year colleges that closed in the past 10 years. That’s three times what it was in the previous decade, according to the State Higher Education Executive Officers Association. The closures impacted at least 1.25 million students. Rising higher-ed costs are partly to blame; fewer students mean less tuition money to collect. With dwindling federal Covid-19 aid and a lower birth rate, analysts and educators expect the pace of closures to continue."

A New Problem With Four-Year Degrees: The Surge in College Closures - WSJ "Universities have buckled under the strain of tuition losses as the number of college-bound students continues to decline"