I would not be shocked if more schools shut down.
All these "career fairs" etc are efforts to drum up students
Generation Y and Z does not day dream about aviation. For the last 15 years, when in line to visit grandma, they have heard mom and dad complain about TSA, "flying is a hassle", no food on airline flights, etc. The experience has not been good.
Airshow attendance is at all time lows. Even hunting and fishing is at all time lows.
Generation Y and Z are more concerned with taking selfies and sending likes to their facebook friends
I predict more flight schools closed