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OUR COLLEGE STRESS TEST, based on Robert Zemsky’s work, provides an insightful analysis of the market stresses that threaten the viability of some of America's colleges and universities while delivering a powerful predictive tool to measure an institution's risk of closure

"All told the 2,320 institutions for which it was possible to calculate a Market Stress Test Score in 2016 enrolled 13,016,205 undergraduates — 41 percent in Two-Year Public institutions, 42 percent in Four-Year Public institutions, and 17 percent in Four-Year Private Not-for-Profit institutions. Most of those students (57 percent) attended institutions facing minimal risk; roughly a third (31 percent) attended institutions scored as experiencing moderate risk; and only 12 percent attended two- or four-year institutions facing substantial risk. Fewer than 7 percent attended four-year institutions at the highest levels of substantial risk, that is, with scores at or above 6."

Zemsky, Robert, et al. The College Stress Test: Tracking Institutional Futures Across a Crowded Market, Johns Hopkins University Press, 2020. Project MUSE, doi:10.1353/book.72586