Catholic universities are businesses. They have revenue (tuition, contributions, earnings) and expenses (salaries, maintenance, other overhead). For many years some Catholic colleges & universities have operated in a phony world of raising tuition & fees at will. They believed that the pool of potential freshmen would always be there, and now it isn't. Competition from public schools (two & four year), on-line courses, and other private institutions is proving difficult to overcome. I suggest that Catholic schools look at Sweet Briar College in VA as the "canary in the coal mine." It and several other private schools are faced with closure or merger. Some Catholic schools with poor enrollment, weak endowment, and a lack of legitimate academic excellence will soon be out of business.