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Moody’s: Closures of Small Colleges Could Triple

Closure rates of small colleges and universities will triple in the coming years, and mergers will double. Those are the predictions of a Moody’s Investor Service report released Friday that highlights a persistent inability among small colleges to increase revenue, which could lead as many as 15 institutions a year to shut their doors for good by 2017.

The 10-year average for college closures is five annually.