Many colleges were facing financial pressure before the pandemic. But the crisis has exacerbated those challenges and stoked more questions about the sustainability of colleges with shaky finances.

Nick Ducoff is cofounder and CEO of Edmit, a college financial education company. He has weighed in on this issue with projections of when private colleges are likely to run out of money. We spoke with Nick about those analyses and the gaps he sees in what students and their parents can find out about the financial health of colleges.

We also spoke with Barbara Brittingham, who just stepped down as president of the New England Commission of Higher Education, a regional accreditor. Brittingham has been a well-placed observer of the financial woes of struggling colleges, and is an expert on the U.S. regulatory system's role in overseeing higher education finance.