It's not that simple. Students don't really choose colleges based 100% on their outcomes. They choose based on cost, curricula offerings, luxury factors, brand recognition, and so on. Many of the colleges that close in the future will probably be perfectly good ones with good value that just become increasingly less attractive as they are forced to take less students and cut staff over time. Less choices is not good for the US as a whole. It means that the average American will have to travel farther from home to go to college to study what they want to study.