OK, I admit it. That headline is clickbait. I have no idea which colleges might close in the near future, but I want to take a look at the problem from 30,000 feet. This is prompted by the recent announcement that Eastern Nazarene College in Massachusetts will close . It comes on the heels of several other announcements like this over the past few years. And of course, because we've become accustomed to colleges surviving for long periods even during bad times, the surprise makes people wonder who's next. The meta-answer will surprise you: While we of course feel bad for the people who lose jobs, the students who are displaced, and the community that finds itself dealing with the loss of a respected institution, these trends are small blips in the industry. In fact, the institutions most likely to close (probably) collectively account for a small fraction of enrollment at America's colleges and universities. Follow along. One of the challenges in talking about this is