COLLEGES & UNIVERSITIES

 ·       Birth rates in the United States between 2008 and 2011 fell 7.2%.

·       Due to this decline, the population of 15 to 19-year-olds will drop by 700,000 between 2023 and 2033.

·       It was initially believed that an average of one college closed every week during the 2023/2024 academic year. An August report from the National Center for Education Statistics found that 73 colleges and universities closed between the 2022/23 to 2023/24 academic years.

·       Starting in 2026, the drop in births will cause college enrollments to fall across the nation

·       These enrollment drops will range from 7.5% in the West Coast to about 15% in places like New York and Louisiana to 19% in the northern Midwest.

·       The number of students enrolling in the California State University (CSU) system has dropped by 6% between 2019 and 2024; which is equal to 28,000 fewer students.

·       In 2019, a Harvard Graduate School of Education lecturer predicted that 25% of colleges would close in the following 20 years.

·       According to Moody’s, the 500 colleges/universities it rates will have to spend between $750 billion and $950 billion on facility maintenance and repairs costs that have been deferred for years.

·       Three months into the Covid pandemic, housing values near some colleges dropped as much as 7%. This is a harbinger of things to come.

·       These permanent enrollment drops will cause college towns/areas across the nation to experience real estate doom loops.