The college industry is becoming K-shaped as acceptance rates plummet. What’s happening to admissions?

It’s a low time for higher education, depending on where you look. In recent years, dozens of colleges and universities have closed their doors, and dozens more have merged in an attempt to survive. There are many factors that are leading to these closures, but it typically comes down to a lethal combination of increasing costs and lower enrollment. Smaller private schools are finding themselves in harm’s way, and it’s become worse over the past five years. Conversely, other schools are thriving and becoming increasingly selective. Vanderbilt University, for instance, recently announced an ...