England’s regulator warned MPs that 50 higher‑education providers face the risk of exiting the market within two to three years, with 24 at more immediate risk of having to stop degree courses, officials told a parliamentary inquiry. The Office for Students cited financial strains driven by enrollment declines and cost pressures. Credit‑rating agency Moody’s issued a negative outlook for higher education more broadly, pointing to federal policy risks, lost grant funding, and rising operating costs as drivers of fiscal stress for many institutions. Moody’s analysts said weakened public support and regulatory changes increase insolvency risk for weaker balance sheets. Boards and senior executives in the sector are being urged to shore up liquidity, revisit program portfolios, and engage trustees on contingency planning as external funding and student flows remain uncertain.