Once restricted to for-profit colleges and community colleges, the College Meltdown has advanced to elite colleges like Harvard and Cal Berkeley. These schools have enormous firewalls (e.g. large endowments, strong alumni associations, and powerful donors), but that does not shield them from skepticism about overpriced online graduate degrees and certificates.
Adam Looney at Brookings has already outed USC about their outrageously priced MSW program, but that's just one example. The collapse of 2U, the online program manager (OPM) for several elite colleges, exposes this subprime elite degree mess even more. With 2U, we are not talking about subprime colleges like University of Phoenix or Purdue University Global, but elite schools like American University, Baylor University, George Washington University, Harvard University, Pepperdine University, Rice University, Syracuse University, University of California, Berkeley, University of North Carolina, University of Southern California, and Washington University.
More of this story available at https://collegemeltdown.blogspot.com/2019/10/college-meltdown-expands-to-elite.html
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Additional disclosure: Dahn Shaulis' College Meltdown blog investigates "savage inequalities" in the K-12 pipeline, college choice and alternatives to college, college affordability and the student loan mess, the subprime college crash, enrollment losses at private and public colleges, gainful employment and underemployment after college, the adjunct crisis, declining public opinion about higher education, and reform and innovation amid the crisis. Send tips and feedback to CollegeMeltdown@protonmail.com