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Enrollment Loss, Financial Woes an Increasing Problem at US Colleges

June 27, 2024 at 8:29 am Staff
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Before Cazenovia College in Upstate New York closed in May 2023 due to decreasing enrollment and financial problems, students were given a list of comparable schools in the same region with similar tuition fees, major courses of study, financial aid availability, and athletic programs.
One of the schools on that list, Wells College, shut down one year later for the same reasons—low enrollment (354 students) and financial problems.
“It’s pretty crazy when that happens with two schools in two years,” said Carter Matus, who, following his freshman year at Cazenovia College, transferred to Elmira College. Some of his classmates had considered Wells but chose different schools….

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