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About one-third of all colleges and universities in the U.S. are on an unsustainable financial path, according to a 2012 report from consulting firm Bain & Co. While some of the schools on that list have resources, like a large endowment and a steady enrollment base, that could help them stave off closure, smaller, private colleges “need to be on the lookout,” Jeff Denneen, the leader of Bain’s higher education practice and one of the authors of the report, said in an interview.

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About 40 million Americans are already saddled with student loan debt and the heightened attention on the issue has made prospective college students wary of taking on more.

“In the post-Great Recession era, there’s more and more focus on the return on investment on what one gets from an education,” said Jason Lane, a senior fellow at SUNY’s Rockefeller Institute of Government. The concern from students and families is so great that the Obama administration is developing a ratings system to help students better understand the relative value of their degree.

Continue reading:  http://www.marketwatch.com/story/why-more-private-colleges-are-closing-2015-03-25

Commentary by The Secular Jurist:  The underlying issues this article skirts around are:  1) young people are realizing that the lack of economic opportunity systemic in the post-Great Recession era cannot be overcome through education alone;  2) student costs have become prohibitive as America’s education system suffers greatly from politically-motivated funding cuts and privatization schemes designed to enrich corporate interests.

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