“”You’re going to see, over the next five years, a real increase in the number of schools in serious trouble,” Dr. Vedder said. “A degree from a top school is a still a pretty good signaling device [to employers]. It means you’re smart and hardworking. But a degree from one of these lower schools doesn’t mean much of anything.”“

Any discussion about third level education needs to take into account price and hence ROI.

I’m really surprised that this article doesn’t talk about the high rate at which US college tuition costs increased from 2008 to present. Especially for law schools. The closest it gets is the following paragraph:

“But in the past few years, the winds have shifted. The birthrate fell, the pay advantage for college graduates over high-school graduates declined, states cut $9 billion in funding to public colleges and student debt soared.”

Tuition in the US has gone up a lot while wages for many jobs have stayed relatively flat:

“In during the 1980-81 school year, the average college tuition at private universities was $9,882. By 2014-15, that number exploded to $26,740.

For public universities, the tuition figures went from $2,196 to $8,534”

https://businessinsider.com/this-chart-shows-college-tuition...

This is the main reason why colleges are struggling in the US.