About 25 years ago, when my first child was a little kid, I predicted to a friend that by the time that boy was an adult, higher education in the United States would be in crisis—both financially and culturally. It was clear then that the rate of increase in costs implied a level of borrowing that the market could not ...
“The cost of higher education is not a function of bricks and mortar. The cost is people. It is labor intensive. No matter what the technology, the learning is about face to face. The crude analogy I would make is between learning and sex. Technology can greatly improve, broaden and diversify what we define as the sexual experience, but in ...
