Like corner grocers fighting supermarkets, small U.S. colleges suffer in the competition with universities such as Harvard and California. Big schools can meet the rising costs of top faculties and expensive plants; most small colleges are out of the running—if they run alone. This year more and more of them are sharing facilities and faculties that few can afford on their own. The interesting result is a new pattern in U.S. higher education: federations of small colleges across the country that give all the appearance of embryo universities.
The advantages have long been apparent...