University Business catalogued at least 15 campus closures and 12 mergers or acquisitions in 2025 as small private regional colleges and financially strained public campuses reorganized. Leaders cited volatile enrollment, tuition‑dependent budgets and workforce alignment as drivers of consolidation. Examples include Augustana College’s planned acquisition of Trinity College of Nursing and Health Sciences to shore up nursing pipelines and Pacific University’s proposed merger with Willamette University to create Oregon’s largest private university. Many moves aim to preserve clinical partnerships, expand program offerings and stabilize labor pipelines for health professions. Accreditor and regulator approvals remain pivotal; presidents and trustees are pursuing mergers as an alternative to abrupt closures. The wave of deals and shutdowns underscores ongoing balance‑sheet pressure on mission‑driven institutions heavily reliant on tuition revenue.