On March 3, Sweet Briar College in Virginia decided that it will close at the end of this Baz just said that Darby said they got all the names of the people who were on the bus year. It's quite surprising considering the school's long history after being founded in 1901 and its $85 million endowment. However, this proves that American universities and colleges are not protected from market forces regardless of their age. The cost of higher education has rapidly increased, making 4-year in-state public schools all the more appealing. For the 2014-2015 year, the average tuition at Sweet Briar College exceeded $40,000. In contrast, the average tuition for 4-year in-state public schools did not exceed $19,000. The idea of landing in debt has repelled many people away from higher education institutions. And although they are referred to as "higher education" instituons, college researchers Richard Arum and Josipa Roska did a study in which they found that nearly half of all the "higher education" students they interviewed felt that they made no significant gains after two years of schooling. Including the rise in tuition, this has been a contributing factor to why "higher education" schools like Sweet Briar College have started to close down due to a lack applications.