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The Coming Higher Education Bust: “Some Will Survive”

“Some will survive”…that’s a nice, understated way of saying that many won’t survive. And those that don’t will be the ones that have spent fortunes on non-academic fluff like state-of-the-art rec centers and NFL-caliber football stadiums, while assigning grad students to teach amphitheater 101 classes – all while raising tuition by 10% a year to levels that force students to graduate with tens of thousands of dollars of debt and highly uncertain job prospects. Those schools will be caught between the best, truly-valuable universities and junior colleges, online classes and “alternative” programs with transferable credits. The space in between won’t generate enough revenue to support their bloated costs.

Academia will become an…

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