This literature review and conceptual model examine research on the factors that may contribute to the decrease of regulated FCC supply. The research literature primarily focuses on challenges and demands that FCC providers face which we hypothesize that, over time, may lead to decisions to close their programs. Very few studies examine the predictors or reasons why individual providers exit FCC and even fewer studies examine the role of broad contextual factors such as economic recessions, systemic racism, and policy changes that may interact with the experiences and challenges that FCC providers face. (author abstract)