Most things that get over-inflated (bubble pricing) pop or crash eventually. Not so with higher education for many years, but that may be changing.
I found this helpful article, among others:
davidstockmanscontracorner.com/the-higher-education-bubble-begins-to-pop/ Most of the issues surrounding this are well discussed in this article. What I wanted to address was the "trend within a trend" of which colleges are most prone to closing because I think its indicative of our future. (Maybe.)
So, yes, colleges that may not deliver if they are too mediocre or costly are facing declining enrollment. And yes-- the cheap cost of college via the internet (some FREE colleges are beginning to be organized and pop up which really cuts into the whole "you-have-to-pay-to-be-educated" thing.) These trends are noted in the above article.
But when I trolled the internet looking for which colleges were closing, 2 types really stood out to me as being ahead of the losing pack: Law Schools and Christian Colleges.
I'm suspecting that the F.I.R.E. economy is facing some serious scrutiny from younger generations. ("Fire" stands for Finance, Insurance, Real Estate-- the "paper pushing" parts of the financial world.) It used to be that Law was just under Medicine when it came to desirability for a degree. Not so much anymore. There are tons of unemployed law grads, for one thing, but for another-? That area of society is getting less and less respect these days.
Also telling are the number of Christian colleges that are drying up and blowing away. Something about Protestant religions is losing its luster. I mean it has been for the last 20 to 40 years anyway, but it seems as if that trend is gaining momentum. (Gods... I can only hope.)