Small colleges can boost their viability by strengthening their student pipelines, but they must make these moves before enrollment declines sap their reserves and other resources, according to a new report from Fitch Ratings. Certain types of initiatives — including tuition resets, scholarship aid and direct admissions — can attract students. But colleges must maintain fiscal balance while pursuing them. Moreover, “modest enrollment growth” may not be enough for colleges to recover from pandemic-related disruptions and demographic shifts. Smaller colleges in the Northeast and Midwest, for instance, face a shrinking pool of high school graduates as well as people moving away from the region.