Small colleges offer a personalized education, but closure is a possibility.

CBS News reports.

Why small college closures could soon triple

For small colleges, a major challenge is how to generate enough revenue to sustain themselves. And according to Moody’s Investors Service, they’re not doing very well in that regard.

Indeed, Moody’s predicted in a new report that the closure rate of small colleges will triple in the next few years, and analysts at the credit rating agency also suggested that school mergers will double over the same period.

Moody’s estimated that the majority of small colleges in this country are failing to achieve revenue growth above 2 percent per year, approximately the level of inflation. It forecasted that this weak revenue trend will continue.