Bleak future of Liberal Arts Colleges?

Why do you say that LACs “are generally not the best at STEM”? It’s true that LACs aren’t known for cutting-edge STEM research. However, they can be extremely good at undergraduate-level STEM education. For example, take a look at NSF’s recent list of “Top 50 Schools by Per-Capita Engineering & Science PhD Production”.

http://www.cbsnews.com/news/top-50-schools-that-produce-science-phds/

A majority of the schools on this list are LACs. As the news story points out:

The strong performance of LACs is even more impressive considering that the list includes Engineering, which most of the listed LACs don’t offer. If this was a list of “Top 50 Schools by Per-Capita Science PhD Production” (excluding engineering), LACs would perform even more strongly.

I would agree that less selective LACs, which charge high tuition but which don’t offer high prestige, may face hard times in the future. However, this will be true for any private institution, whether it is a LAC or a large university.