America is running out of teenagers, colleges are worried
By 2039, the US is set to have 650,000 fewer 18-year-olds than it does today. For universities, that demographic cliff poses an existential challenge. Fewer teenagers means fewer college applicants. Fewer applicants means fewer enrolled students. And fewer students means that some universities may not make enough money to keep their doors open. Katty Kay speaks to Nathan Grawe, Professor of Economics at Carleton College, about how difficult it will be for colleges to ride out this demographic drop, and what they will need to do to survive it.
