EDIT: Mentioned in the article is the reduction of cohort size, which will be a worsening problem in the coming decades. Related articles [0], [1], [2].
[0] https://www.latimes.com/california/story/2022-04-11/californ...
[1] https://archive.is/k0h4d
[2] https://www.vox.com/the-highlight/23428166/college-enrollmen...