Megan McArdle, Columnist

Why Your Little Alma Mater May Go Extinct

As the population of college-age Americans shrinks, enrollment declines spell trouble for small or niche colleges.
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The Wall Street Journal has a sobering note today on higher education. After soaring for decades, college enrollments have actually declined for the classes scheduled to enter this fall.

"Enrollment rates for numerous smaller and lesser-known colleges and universities are falling this year, due to a decline in the U.S. college-age population, years of rising tuition, increasing popularity of Internet courses and a weak job market for recent graduates. ...