Hundreds of private US colleges are declining in enrollment and revenues.
"Fortunately, Oberlin isn’t staring down the brink of bankruptcy like other schools — at least not yet. However, our challenges are severe and, if left unaddressed, could become unsalvageable."
https://oberlinreview.org/17780/opinions/higher-education-shifts-spell-trouble-for-small-liberal-arts-colleges/
https://collegemeltdown.blogspot.com/2018/10/private-college-revenues-and-us-college.html