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Glenn Reynolds flagged the higher education bubble nearly a decade ago.Quote America is facing a higher education bubble. Like the housing bubble, it is the product of cheap credit coupled with popular expectations of ever-increasing returns on investment, and as with housing prices, the cheap credit has caused college tuitions to vastly outpace inflation and family incomes.Institutes of higher education ignored the warnings and continued their great expansion under the operating premise that “if we build it, they will come.†And come they did: an ever increasing pool of unqualified, remedial ‘stew-dense’ without the basic skills to figure out that an $80-100k a degree that qualifies them for an entry level job doesn’t have a promising payback potential. Then came the Great Reckoning in the form of the Coronavirus pandemic. ...... Got that? Universities are no longer pantheons of higher learning, they are cash cows. And they need a never ending supply of cash flow generators (stew-dense) to keep the scam running. They are hardly alone; this fine offering is from the public university of Kennesaw State, Georgia:Quote The Commons, a 54,000-square-foot dining hall…one of the largest LEED-Gold-certified college dining halls in the U.S.. In addition to its impressive size and tiny environmental footprint is its overall focus: the health of its students and success of local businesses. Its modified farm-to-table (a.k.a. farm-to-campus) focus means most of the food and ingredients at The Commons are from local and campus farms. In addition, there are nutritional and wellness programs, an on-site herb garden, gluten-free and vegan food options, and ties to a community garden involving school kids and local residents....
America is facing a higher education bubble. Like the housing bubble, it is the product of cheap credit coupled with popular expectations of ever-increasing returns on investment, and as with housing prices, the cheap credit has caused college tuitions to vastly outpace inflation and family incomes.
The Commons, a 54,000-square-foot dining hall…one of the largest LEED-Gold-certified college dining halls in the U.S.. In addition to its impressive size and tiny environmental footprint is its overall focus: the health of its students and success of local businesses. Its modified farm-to-table (a.k.a. farm-to-campus) focus means most of the food and ingredients at The Commons are from local and campus farms. In addition, there are nutritional and wellness programs, an on-site herb garden, gluten-free and vegan food options, and ties to a community garden involving school kids and local residents.
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Topic: The Great Education Bubble Machine (Read 279 times)
