Fitch Forecasts Financial Challenges for Some Colleges In 2024

Financial pressures on some colleges and universities are expected to intensify in the coming year and the number of school closures is likely to “remain elevated,” according to Fitch Ratings’ annual outlook for higher education that’s being released this morning. Fitch sees a range of financial headwinds for colleges in the coming year: higher labor costs, elevated interest rates and a “very uneven recovery in enrollment” that is expected to hit smaller, less-selective institutions the hardest.