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More College Consolidations on the Horizon
from 2023 Trends Report
by Catalyst
CURRENT ECONOMIC STRESSORS PLACE EDUCATIONAL INSTITUTIONS ON THE WATCHLIST FOR POSSIBLE CLOSINGS AND/OR CONSOLIDATIONS:
“Experts in higher ed finance predicted the financial stresses early in the pandemic would lead to some low-enrollment colleges’ demise, only for federal pandemic support to somewhat shield institutions. However, no new federal aid appears to be coming down the pipeline. Some institutions had already turned to austerity measures, as the pool of traditional-age college students starts to run dry. … As colleges continue to feel the pandemic’s lingering financial pinch on top of demographic trends placing downward pressure on the sizes of their student bodies,” more institutions will likely see closings and/or consolidations.
7 Higher Education Trends to Watch in 2023 — Higher Ed Drive
Privacy Please
STUDENTS ARE SEEKING MORE PRIVACY IN THEIR SEARCH FOR HOUSING — A PRE-PANDEMIC TREND THAT HAS GAINED MOMENTUM:
There is an increase in “more single-occupancy units in offcampus projects … and an increase in single-occupancy units for new on-campus developments as campuses look to provide more options to address students’ changing needs, as well as provide options for upper-division students to remain on-campus.”
Today’s Development Trends: Living ‘Large’ in Student Housing — Student Housing Business