From suspending admission to freezing tuition, cash-strapped colleges are trying various methods to stay afloat. Still, hundreds of schools could be forced out of business entirely.
The College of William & Mary in Williamsburg, Virginia, said it would roll back a previously approved 3% tuition increase and keep tuition and fees for all students"A lot more schools are finding themselves with their backs against the corner," said Mayssoun Bydon, founder and managing partner
of The Institute for High Learning, or IHL Prep, an educational consulting firm.thousands of employees and announced revenue losses in the hundreds of millions, according to the Chronicle of Higher Education."We are going to see a lot more schools begin to close over the next few months," she said.
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