A couple of weeks ago we read about Corinthian Colleges closure, and today we learned yet another story on for-profit colleges’ continued financial struggle.  If you think this is worse, you need to wait until the real waves of colleges’ closures or mergers yet may happen in the near future. It won’t take a rocket scientist to figure out how aged the industry is and how critical structural changes in the US higher education are happening right at this moment and how Adam Smith’s invisible hand is working to restructure the industry.  Again and again, the Association has published so many research findings, based on NCES data that showed the possibility of colleges’ closures are imminent.  American public should not be surprise that such college closures are happening right now.  If Harvard University with $32.7 billion endowment is seeking public support to raise $6.5 billion on top what it already had, what does Harvard’s capital campaign mean? What are the reasons that motivate the campaign in September 2013? And what kind of challenges that other US higher education institutions with less than $100 million endowment are facing in the midst of decreasing student enrollment, low student retention, graduation rate and the possibility of CAR implementation in 2015 academic year?

Please let us know what do you guys think?