Number of higher ed institutions dropped 1.7 percent in the 2023-2024 school year as the cost of college continues to soar
Michael Duke
August 26, 2024
The number of higher education institutions dropped 1.7 percent during the 2023-24 academic school year as economic constraints make it harder for higher ed to operate.
The number of higher education institutions dropped 1.7 percent during the 2023-24 academic school year as economic constraints made it harder for higher ed to operate.
Data from the National Center for Education Statistics displays that a decline in eligible institutions that receive Title IV federal student aid has significantly contributed to the number of universities that are up-and-running, offering education to students.
There are now seven fewer private nonprofit 4-year schools, 10 private for-profit 4-year schools, and several other private and public colleges and universities which have had their eligibility status change regarding their ability to receive Title IV funding.
