78% of US universities are struggling because of demographic declines (i.e. fewer young people.) Many are failing. #scifoo (They are the canary in the coal mine for our economic future without higher immigration or birth rates.)
The lower tier ones are doomed regardless of demographics. They are a bad deal, propped up by obsolete social customs (college degree = success) and government-backed loans.
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It's time to adopt a quality, not quantity approach to all things.
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Not sure either of those things (college = success & gvt loans) are yet obsolete among 18 year olds (even if they should be).
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Higher Ed will bifurcate between top tier/ speciality universities and online universities.
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Blend this uni data with the productivity/pay thread, and maybe the canary isn't singing a bad tune. We need fewer people, and the market is correcting. Those who can't adapt will cease to exist, as should be the case.
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Very true! Time to leave the lower-tiered ones to their natural death.
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Probably not a terrible form of creative destruction. There was a time before scientific progress lived inside a bureaucratic regime and before economic mobility was gated by an expensive credentialing apparatus. I’m these cases, I don’t see change being bad.
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Lower tier or middle tier? My son got his CompSci degree for an affordable 6k a year from a lower tier state school, I'd say the higher priced, lesser known schools are more at risk?
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