Lead: Small colleges and state higher‑education systems are under pressure: Hampshire College fell well short of its enrollment target, and Oregon’s higher‑education coordinating commission approved a package of policy recommendations aimed at efficiency and program audits to address looming deficits. What happened: Hampshire enrolled 168 freshmen—56% of its 300‑student goal—after rollout problems with direct admissions and a low yield. In Oregon, the commission advanced audits, program reviews and possible mergers to confront declining enrollment and constrained state funding. Who’s involved: Hampshire College leadership, admitted students, the University of Oregon, Southern Oregon University, and Oregon’s Higher Education Coordinating Commission. Why it matters: Missed enrollment targets and statewide budget shortfalls translate into immediate financial stress and potential program contraction. Campus leaders must refine admissions strategies, strengthen yield initiatives and engage state policymakers on funding and structural options.