Expert predicts 25% of colleges will fail in the next 20 years

For millions of students, Labor Day weekend marks the end of summer vacation and the start of another school year. But for the first time in 185 years, there will be no fall semester at Green Mountain College in western Vermont. The school fell victim to trends in higher education that could soon impact hundreds of other schools. One expert predicts that 25% of colleges will fail in the next 20 years. Brook Silva-Braga reports.

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[NateOBrien]

Lending $100, 000+ to millions of 17 year olds with no income. What could go wrong? Regardless of whether you are a democrat or republican, I think we can all agree that something needs to change. This is not sustainable

[zookninja]

It's almost like college shouldn't be a business.

UPDATE: Guys I posted this like a year ago, if you are still commenting on this please go outside.

[louisefitzgerald]

I have said this for years. They priced themselves out of the market.

[moderngod]

There’s too many useless administrators making six figures that do almost nothing for their student body. Eliminate those and you’ll have better hope in lowering the costs for college.

[snakey]

This country is in full decay
This is what happens when you destroy the middle class

[Justin_Joy]

Colleges shutting down seems more like a solution to me than it is a problem.

[bbbt]

I make $70k a year and am a college drop out. Wasted $30k as a kid for college. College isn't for everybody

[lauraalexander]

They’re not “customers” they are STUDENTS. That’s your problem right there.

[mattreames]

It's almost as if charging $35, 000 / yr for college is unsustainable

[jalen]

Lmao. Thats what you get when you dont prioritize the educational quality, and instead charge unrealistic prices.

[GoldenTV]

Higher Education: *Puts students into thousands of debt with no way of paying it off*

Students: *Stops going to college*

Higher Education: *Surprised Pikachu Face*

[a-love-supremist]

Imagine having a degree from a college that went out of business.

[TheAllianceEnt]

1990: you have a Masters? 200k a yr!
2000: you have a Masters? 150k a yr!
2020: you have a Masters? 70k a yr!
2040: you have a what?

[karenm]

Colleges should have seen this coming a decade ago, probably even further back than that. Go to community college, save your money, get all your basics and spend that time figuring out what you actually want to do. Higher education needs to change its marketing, costs and admissions process. It needs to be more inclusive, accessible to middle class-lower income students/minorities with good academic performance.

[staceyharvey]

I still have my 1990 college tuition invoice for one semester from an in-state, public, division one university - the bill was $2, 900 for one semester - 15 credit hours tuition and room & board (also included food). In the mid-90s, beginning around 1995, state legislators began passing new permissions for colleges to increase rates by double-digits, EVERY year. 10% increase, followed by 15% increase, 12% increase, etc, year after year. I guess they figured kids wouldn’t care as they were taking out student loans, but eventually the loans have to be repaid.
Most of university and college budgets are not used to pay faculty (professors, etc), rather the bulk of the budgets are for “admin expenses” like rock climbing walls, and building new “luxury” dorms with granite counters, stainless steel appliances and individual bathrooms.
I am still a supporter of higher education but think the universities made a grave decision to start treating enrollments as customers, rather than students. I am sorry to see that many learning institutions may not survive but I think most of the problems have been self-inflicted.

[hawkeyeted]

Everyone talks about the "military-industrial complex", but nobody bats an eye at the "academic-industrial complex."

[louisjones]

Hahaha who knew malls and colleges would have so much in common in 2019.

[Reconseal]

Students probably went to community Colleges instead of racking up debt.

[canufimy]

The currently worthless 6.8 million degrees are the problem, and $1.5 trillion student debt doesn't help.

[NicholasStrong]

A bachelors degree is more expensive than ever before and has less impact on the job market than ever before.
Lower the price of tuition!!!