One private school in Michigan, Finlandia, closed about a year ago and several others are teetering, including Concordia University.
Two of the Concordias - in Wisconsin and Ann Arbor - have a combined governing board, and the universities are running a combined $9 million deficit. There's been a lot of talk on the Ann Arbor campus recently about what could happen, including selling buildings, cutting staff , separating the two schools' governance or eventually closing, though it will remain open through the 2024-25 school year. Selling buildings will be a challenge on such a small campus.
The Ann Arbor campus added several sports, including football, in the last several years in a successful attempt to increase enrollment, but I wonder how much of that effort is draining the university's overall budget. The football team has had a successful run, including a win over NCAA Division II Wayne State (of Detroit) in 2023, but at what cost? It'll be interesting to see how all this plays out.
Public universities in the state also have taken major hits, namely Eastern Michigan (my alma mater), Central Michigan and Michigan-Flint.
Both of my kids graduated from the local community college debt free. They had the grades to get into four-year schools, but didn't want to be saddled with student loans that help pay for things they don't care about, like football teams.