a neck closing

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So the numbers show in general that for-profit college students are far more likely to default on their loans than students elsewhere. In fact, a report that was released in June showed that students who pursued for-profit degrees on average saw their earnings drop, which is not what's supposed to happen, of course, when you go to college. And so there's been almost like a neck closing on the for-profit industry as a whole.

(This is a transcript from npr.org Large, For-Profit ITT Tech Is Shutting Down All Of Its Campuses on September 6, 2016.)

What does 'a neck closing' mean?

Thanks in advance!
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