What happens to my student debt if my college closes permanently?

Only a handful of colleges have closed permanently due to economic instability caused by the COVID-19 pandemic. It’s likely that most schools will weather the storm, college experts say. But some schools are more vulnerable than others.

“It’s not like thousands of schools will go under,” says Sandy Baum, a nonresident senior fellow at The Urban Institute. “Some schools would have gone under anyway, and now more will.”