More than half of the nearly 1,300 institutional closures of the past 50 years have occurred in the past decade — with roughly 15% of all degree-granting institutions of higher education in the U.S. closing in the last 10 years. And college and university closures do not benefit anybody.

By now we have all heard of the recent analysis by the National Student Clearinghouse Research Center, or NSCRC, in collaboration with the State Higher Education Executive Officers Association, or SHEEO, which reported that after a college closes, many of the displaced students never earn a degree. That closures detrimentally impact students should not come as a surprise.