IDAHO FALLS, Idaho — It’s been 18 years since the 2008 recession, and 2026 will be the first year "recession babies" reach college age. However, there will be fewer students nationwide due to a significant drop in birth rates.

According to the National Center for Education Statistics, colleges and universities collectively experienced a 15% decline in enrollment between 2010 and 2021 due to various contributing factors. In 2025, Inside Higher Ed reported that 16 nonprofit institutions announced closures, with similar numbers reported in 2024.