I see a huge education bubble, predicated on Gov’t money, fewer children in families and the shrinking idea that everyone can benefit from a college education.
I imagine Harvard and Yale will survive a shakeout, as will the state-funded universities. Then I look at the small, private, regional colleges among us here in the N.E., who still have $40,000 per year tuitions, no longer have any founding ethos - and wonder how they will survive.
Of education, knowledge and wisdom, the least is education and the greatest is wisdom.
Yes, I’ve met and worked with educated idiots with masters degrees and I live near a few folk who have an 8th grade education but wisdom beyond their years.
Harvard and Yale have such huge endowments that they could easily exist for generations without charging ANY tuition, but as long as Uncle Sugar guarantees the loans why not?