I know most private high schools and colleges are very concerned about the US population decline from 2008 forward. I think it will affect less selective private institutions and has already in MA. So many have already shuttered and more on the cusp. I do think the elite colleges with mega billion dollar endowments will always be there but they will increasingly be competing for the same pool of applicants and for full payers. Tuition and fees at those are at 74k now, how high will it go? 100k per year? More?