College Stability and Risk of Closure

I'm starting to get concerned about the stability of some colleges. Are there certain colleges that are more likely to close than others? Where can I find information on this?

Indeed, college stability is an important factor to consider when you're applying to schools, especially given that some colleges have closed over the past few years. Generally, smaller, private colleges with lower enrollment and less diverse streams of revenue have a higher risk of closure. These colleges rely a lot on tuition for their operating budgets. Therefore, if student enrollment decreases, such institutions may face financial difficulties, which may, in some circumstances, lead to closure.

There isn't any definitive list of at-risk colleges, as the financial health of an institution can fluctuate based on multiple factors. However, to get a handle on a school's fiscal health, you might want to research the institution's endowment (which is the money or assets a college has in reserve), enrollment trends, and debt status. Colleges are required to make this information publicly available so you can often find it on their websites or reach out directly to their admissions or financial departments for this information.

Keep in mind that closures are relatively rare, and there are regulatory agencies in place to help ensure that even if a school is going to close, transfer plans are put in place for students. It's also worth considering the school's plans for the future, such as if they're investing in facilities or planning new programs, which could be signs of growth and stability.

In essence, it's wise to look at a holistic picture of a college's financial health when factors like this concern you.