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"The number of 18-year-olds graduating from high school each year — the primary pool of college applicants — will decline by 13%, or half a million students, by 2041" #EduSky www.forbes.com/sites/scottw...

forbes.comThe Enrollment Cliff: How Fewer Applicants Are Reshaping Higher EducationThe so-called "enrollment cliff" — a sharp decline in the number of traditional college-aged students — is no longer a distant threat.

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As you said, time to rethink scope, purpose and cost ... especially for any school that does not have "legacy admissions." State systems must lean hard into community colleges and technical training and certifications. (Better teacher training would be a good start)