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The Higher Education Bubble
What Is College For?
Andrew Delbanco discusses the purpose of college, highlighting economic benefits, political importance, and the value of liberal education in fostering individual growth and enhancing democratic citizenship.
files.eric.ed.govEven as the cost of tuition increased, the value of university went unquestioned. Colleges bundled education and signaling. Students who thrived in boring classes signaled traits to employers, like conscientiousness, intelligence and conformity. Now, due to the proliferation of information on the internet and the rise of affordable and effective al... See more
David Perell • What the Hell Is Going On?
Declines in enrollment are life-threatening for most universities, as tuition is the primary source of revenue for most universities. Edmit, a college planning tool for parents and high school seniors, examined financial trends at 937 private universities. The company conservatively estimated the Covid-19 impact as tuition losses of 10 percent in 2... See more