"The wager seems to be that college is so entrenched as the default that parents will continue to pay for it even as the value proposition and quality collapse due to AI. I think that bluff gets called."The Syracuse University is in trouble, reports Douglas Belkin and Roshan Fernandez in the Wall Street Journal.
- Total cost of attendance at the private university increased to $98,544 this year.
- Enrollment fell short. Syracuse borrowed "nearly half a billion in debt to build desperately needed new dorms," they write.
- To fill the dorms, the university may need to lower admissions standards, risking its prestige and reducing its appeal to students whose parents can pay tuition.
“The stream of students willing to pay something closer to full price is drying up,”...
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