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Merger Watch: Size matters for surviving the enrollment drop


The good news? Undergraduate enrollment this fall decreased only 0.6%, the least amount it has fallen since the pandemic started. The bad news? Enrollment in U.S. higher education institutions continues to drop.

No wonder a recent S&P Global Ratings outlook on higher ed is bearish on the industry, citing continued upward pressures on costs and downward pressures on enrollments and margins. This is a less-than-confident outlook from an agency that only examines 450 or so of the financially strongest colleges in the nation.


Ricardo Azziz, MD, MPH, MBA

A educator-scientist-executive with over 20 years of leadership experience in higher education, research, and healthcare, Dr. Azziz currently serves as Regents’ Professor, Augusta University; Senior Fellow, American Association of State Colleges & Universities; Visiting Scholar, Pullias Center for Higher Education, University of Southern California; and former founding CEO, Georgia Regents Health System.