Why Colleges are Going Out of Business

colleges out of business

While going to college used to be the default path of many youth to get ahead in the business world, more and more are turning to alternative paths. And this is especially clear in the alarming rise of more and more colleges that are shutting down.

College enrollment is feeling the pain – a surprising nearly 8% decline in enrollment – the biggest drop in about 50 years – is certainly making waves.

While different career paths may contribute to this, there are technological reasons for this as well. Many have become accustomed to learning online instead of going to brick and mortar colleges. Some colleges are being targeted for ransomware attacks, forcing them to close their doors for good.

Learn how and why the increased trend of colleges going out of business in the visual deep dive below:

Why Colleges Go Out of Business

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Brian Wallace is the Founder and President of NowSourcing, an industry leading content marketing agency that makes the world’s ideas simple, visual, and influential. Brian is the go-to resource for visual storytelling in the crypto / blockchain market since 2015, representing numerous cryptocurrency-related publications, and others getting press and funding in the space. Brian has been named a Google Small Business Advisor for 2016-present and joined the SXSW Advisory Board in 2019-present.