"The pandemic has exposed higher education's broken financing model caused by 'profligate spending and mismanagement,'" according to this article, as "U.S. higher education bundled 'teaching and research' with a bunch of other things — residential amenities, sports teams, networking opportunities, career coaching, dating service and so forth." This allowed them to continue raising tuition, but now, "suddenly, the lectures and the homework were the only part schools could still deliver," and students aren't willing to pay the fees. Is the answer really - as Jacobs seems to suggest - to deregulate higher education? I can't see anything good coming out of that.
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