The University of Saint Katherine, a small nonprofit in North San Diego County, recently announced it will close May 18, citing “financial pressure due to unprecedented inflation and rising state-mandated labor costs.”
It’s not alone. Nationwide, universities face financial hardships that appear to be getting worse. More than 100 colleges and universities have closed or merged, or announced plans to, over the last eight years, according to a tracker updated this month by Higher Ed Dive.
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