 So there are three reasons that we're seeing so many colleges close. Two more closed yesterday. I mean, this is a flood, not a trickle. I think it's probably not a surprise to those of us who have been watching this. In fact, the surprise is that they lasted this long. So there's three reasons. One is that there's been a significant decline in enrollment, down 12% since 2011, with another giant decline of between 11% to 15%.