Out of the 4,000 existing U.S. colleges and universities, about half of them won't be around in a few decades. They'll be bankrupt because so many students will be able to get their education less expensively online.
That's the prediction of a Harvard Business School professor. But he's not alone in his opinion.
"The U.S. Department of Education and Moody's Investors Service project that in the coming years, closure rates of small colleges and universities will triple."
In 2016, the average graduate had about $37,000 in student loan debt. Americans in total owe about $1.45 trillion on student loans. Let's hope that figure goes down drastically, and graduates can find other ways to spend or invest that money.
No comments:
Post a Comment