Drinking from the Firehose | Alex Taussig, Lightspeed | Substack

This realization will push most students to delay fall matriculation, or attend a virtual school over Zoom or some other platform. If they do the latter, they certainly won’t want to pay even a fraction of traditional tuition. If a virtual academic year costs 1/10th of the normal tuition, the school would need to enroll at least 10x the number of s... See more

Students who wish to achieve a middle class lifestyle someday are stuck paying for product that doesn’t perform well for the majority of customers, the price of which is growing 8x faster than wages, and requires a massive saddle of bankruptcy-proof debt.

It’s not inconceivable that, in the next academic year, we will see a quarter of all public and private universities close their doors.