This report addresses the pressing challenges facing higher education institutions due to declining enrollment. This comprehensive document offers actionable recommendations for universities and policymakers to navigate the anticipated demographic shifts and safeguard the future of higher education. As enrollment rates continue to decline, driven by the upcoming "demographic cliff"--a steep drop in the college-age population--many small liberal arts colleges and public institutions are facing existential threats. The report emphasizes the importance of universities remaining true to their missions while responding effectively to marketplace demands. The report highlights the urgent need for university systems to act decisively to ensure their long-term viability in a changing educational landscape.