rob franek is the princeton review's editor in chief thanks for being here today. >> good to be here, becky. >> let's talk about the idea of the small liberal arts schools actually being in trouble. how big of a problem is this >> well, it is a significant problem, and moody's is citing we're going to see about 15 school closings per year going forward, compared to 2003 where it was two or three schools closing a year but there's two things to remember there are two shifts that are really happening in the college-going population, a demographic shift and a population shift and that is causing a decrease in many schools, particularly in the midwest and northeast. >> i don't get that. how difficult it is to get into schools these days versus when i was applying to get into school, and it seems to me there's more and more competition, seems there's more and more kids going to college >> well, you're right. in the numbers overall there are 3.4 million students that graduated from high school just this last year it's going to top off at about 3.5 million in 2024, '25 but the truth is those