More than a quarter of private colleges are at risk of closing, a new projection shows

Izzy Johnson, left, and Jack Beatson are first-year students at Sterling College in Craftsbury Common, Vt. The college has announced that it will close at the end of this semester.

As one Vermont college finishes its last semester, an estimated 442 others may be in trouble.

(Image credit: Oliver Parini for The Hechinger Report)