Attention Economy


Saturday, April 4, 2020

US/UK Colleges Are in Trouble

Coronavirus Pushes Higher Education to the Brink
https://www.bloomberg.com/opinion/articles/2020-04-04/coronavirus-u-s-colleges-and-universities-reach-breaking-point
"“When students shell out $50,000 a year to attend a school that admits a majority of applicants, they’re paying for a lot more than professors. They’re paying for the experience of college: dating, dorm life, fraternities and sororities, Frisbee on the quad — all the stuff that has come to define college for the past century or so. This is one reason, perhaps, that colleges and universities have spent so much money on amenities and extracurricular diversions, rather than actual education, in recent years.
But when education moves online, all of that disappears. Instead, you’re left with a haggard-looking professor on Zoom. That’s worth something, sure, but it isn’t worth paying anything close to full freight.”

UK Universities are pleading for a bailout to paper over their failures