The combination of (1) a significantly declining pool of college applicants over the next 20 years (the pool peaked this year and will start going down), (2) changes in how a college education is viewed that are detrimental to a lot of the smaller, more liberal-arts oriented colleges in D3 (applicants increasingly want programs that are seen as tied to specific job opportunities post graduation), (3) many smaller colleges already on tenuous ground financially, (4) massive federal constraints being placed on higher ed including dissuading foreign students - the bulk of whom pay full fare - from attending U.S. colleges, huge endowment taxes on wealthier institutions, and the freeze of federal research grants that support a wide range of institutions, and (5) the impact of NILs across the collegiate landscape (albeit that will have a lower impact on D3) is going to accelerate what's already been happening in higher education.
I expect that we will see a massive wave of smaller private (and some public) schools shutting down or merging over the next decade, or if not, radically changing their institutional priorities, which could include significant changes to athletic programming.
I expect that we will see a massive wave of smaller private (and some public) schools shutting down or merging over the next decade, or if not, radically changing their institutional priorities, which could include significant changes to athletic programming.