Some U.S. colleges and universities facing declining enrollment, amid the country’s decreasing college-age population, have come up with a unique way to ease the problem – partnerships with senior-living providers.
The enrollment decline and related financial problems appears significant but largely under-reported, though Forbes reported earlier this year that about one U.S. college a week closes, most often due to financial collapse.
The population of college-age individuals will drop by 15% between 2025 and 2029, according to a recent report.
The drop is the result of declining birth rates since 1990, which according to the Epoch Times was augmented by the 2007 recession. Experts are calling the situation an “enrollment cliff.”
Meanwhile, the most recent U.S. census report, in 2020, shows those aged 65 and older account for 16.8% of the country’s population.
Among those touting the partnerships is Life Care Services, or LCS, a senior living management company.
“Universities find that partnerships with senior living providers offer potential revenue-generating opportunities that many times using excess land on campus can help make up for declining enrollment,” the company says on its website.
Others tout the opportunity for seniors to be involved in a vibrant campus while auditing and enrolling in classes.
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Author: Ray Hilbrich
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