Enrollment declines and underfunding have hit the higher education system hard.
Smaller, less selective schools — and those serving low- and middle-income students — have been the hardest hit.Hafeez Lakhani"If those schools are closed, you are going to have a real gap in access," Mistick said., other reports also show. "The real challenge is that high school students are looking for an affordable school," she said.If college is on the horizon, applicants would be wise to look into a school's financial standing, Mistick advised.
There may be other consequences of a college's financial distress that could affect your education or degree. To stay afloat, some colleges have cut faculty and slashed areas of academic study, including programs in sociology, creative writing, music and religion.
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