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The collapse of sketchy for-profit universities is basically the beginning of the end. It signals a collapse of the Academia bubble.Permalink On twitter.com
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Mood -4 🙁
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In a big way these for-profits only ran because they could continually increase enrollment, basically a huge Ponzi scheme.On twitter.com
Mood +3 🙂
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The just-beginning cadre of failing for-profit universities is an indicator that enrollment numbers and t/f costs are dropping.Permalink On twitter.com
Mood -2 🙁
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By 'costs' I mean the cost that potential students are willing to put up with.Permalink On twitter.com
Mood 0
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For a while, the drop will be absorbed by for-profit unis going bankrupt, as they took in the least willing and least profitable students.Permalink On twitter.com
Mood -1 🙁
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But eventually it will hit traditional universities, who will have to start liquidating endowment investments if they want to stay afloat.Permalink On twitter.com
Mood +1 🙂
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One of the things they will liquidate will be real estate, that will cause the RE market to drop, then... ? Nothing good.Permalink On twitter.com
Mood +2 🙂