I honestly don't buy this for several reason.

In the mid 90's, my affluent suburban high school was in panic mode, afraid that declining enrollment was an impending death spiral. My graduating class only had gasp 750+ students. Ten years after I graduated, entering the 2000's, enrollment had already surpassed 800 kids. The school had to build out an entire wing and completely remodel the athletic building to accomodate all the new students that were enrolling.

Likewise, attending college in North Dakota saw the same thing in the late 90's. Sheer panic the entire North Dakota college system was about to enter an enrollment desert. They wondered how can the Universities recruit more out-state students. Again, by early to mid aughts? Enrollment was off the charts. They had to buy buildings in the downtown area and convert them to a new "downtown campus" for several emerging and expanding majors. The campus saw a constant upgrade of facilities and buildings. It was completely the opposite. The entire system saw a massive transformation that continues to this day:

As of Fall 2025, the North Dakota University System (NDUS) reports a total headcount of 47,552 students, marking a 3.8% increase over 2024 and reaching its highest level since 2014. The University of North Dakota (UND) specifically achieved a record-breaking enrollment of 15,844 students in 2025, surpassing its previous 2012 record. Across the system, growth is driven by rising undergraduate numbers and an increase in high school students.

Over the past five or so years, there's been a small fluctuation, but overall the system has been surging as of late and is on solid ground for the next decade or so.

The North Dakota system is the very kind of system the article says is about to be greatly affected by the year 2040. That would require quite a drop off from where they currently are and the amount of growth they're having right now.

Again, I don't buy this since many of the people who are from out-state, many of them will settle down in North Dakota cities, get married and start families there. The cost of living is super low and its a very tax friendly state compared to many of its neighbors like Minnesota. Fargo, where NDSU (and by proxy Moorehead University and Concordia College) is located is still one of the fastest growing cities in the state, growing steadily at about a 2% pace annually. Which means the supply side of the equation isn't likely to die out any time either.