Nobody wants a college to close, but enrollment and demographic trends, accelerated by the COVID-19 pandemic, are requiring some colleges to consider what steps they may need to take to survive and thrive. For some, the only option may be a merger or affiliation with another institution. Join Michael B. Alexander, President, Lasell University; Kasia Lundy, EY-Parthenon Principal, US Higher Education, Ernst & Young LLP; and Haven Ladd, EY-Parthenon US Education Partner, Ernst & Young LLP, as they discuss models for mergers, mitigating risks, and governance and execution considerations.