Higher Education has had not had good control of its pricing for a very long time – making college less affordable for many families.
The rising prices have required many families to borrow – student loan growth has outpaced all kinds of consumer lending
Higher education was once among the most trusted institutions in society – no more. Pricing and concerns about programs have diminished that trust.
Added to this environment is a dip in high school enrollment – most pronounced in the East and Midwest – but a problem everywhere.
Were these the only issues facing the sector they might be manageable – but coupled with all of these are a series of new types of institutions and offerings that will challenge the traditional college or university.