It always starts small until it isn't. The cultural shift is happening and since I don't see interest rates dropping that affects affordability for everyone from students to colleges.
And with interest rates as high as they are, financing isn't as easy an option anymore to do that type of turn over. Touching the endowment isn't an option either since that signals to big name donors the college isn't healthy.
They're noticing https://www.ithaca.edu/news/state-college-0
And students are asking the question on affordability. Anecdotally, zoomers I know are stroking expensive colleges off of their list. https://www.cnbc.com/2021/03/14/fewer-kids-going-to-college-...
It always starts small until it isn't. The cultural shift is happening and since I don't see interest rates dropping that affects affordability for everyone from students to colleges.
And with interest rates as high as they are, financing isn't as easy an option anymore to do that type of turn over. Touching the endowment isn't an option either since that signals to big name donors the college isn't healthy.