Four out of ten American colleges and universities face falling or flat enrollment, according to Moody's Investors Services.
Forget Harvard, Notre Dame and MIT. Many colleges are having difficulties, but name-brand schools are bucking the trend

For the vast majority of colleges and universities, the outlook is grim: a stagnant labor market, dropping enrollment, uncertain regulatory environments. More than 70 percent of public higher education institutions and 60 percent of private colleges have seen their tuition revenue fall flat.

Small, liberal arts schools can expect serious fiscal challenges, according to Susan Fitzgerald a senior analyst at Moody's.

"What we're seeing is a lot more enrollment volatility in the entering class It's fairly widespread and we see particular pressure on smaller, tuition-dependent institutions," she said.

Fitzgerald said many of the colleges here in Boston are doing just fine, largely because of the city's attractiveness as a higher education destination.

Read more about the higher education industry on WGBH News' On Campus blog.