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The so-called demographic cliff up ahead might not be quite as imposing as previously thought, but it’s still very much a cliff.

That’s one takeaway from the new edition of Knocking at the College Door, a report published every four years by the Western Interstate Commission for Higher Education, known as Wiche. Its latest projections, published on Tuesday, provide a crucial glimpse of the number of high-school graduates that higher education can expect to see.