The Slow-Motion Train Wreck Speeds Up

Shrinking enrollments, climbing debt – yet a reluctance to shift the model

For the past 18 months, I have made numerous posts wherein I have described my reactions to seeing the gradual disintegration of both the public and private models of higher education, in a manner akin to watching a slow-motion train wreck.

Well, the rate of disintegration is increasing. The slow-motion train wreck is speeding up. Consider five categories of evidence from the news media in recent weeks:

(1) The gap between the wealthy privates and everyone else is becoming a chasm.

My claim in my blog post of Oct. 15, 2013, that, in some respects, the wealthy colleges and universities seem more like investment companies that do a little teaching on the side now seems more prophetic than ever. Two recent articles make the case.