Higher Education Today Resembles Ponzi Scheme

A TLDR wouldn't hurt much. The article seems to be circling around students not qualified enough, but still considered qualified due to Covid-19 related circumstances ("Higher education today resembles a massive Ponzi scheme. Colleges desperately recruit ever more marginal students who stand little chance of graduating.")

Also, it seems to focus on non-diversity ("Elsewhere, campus diversocrats enjoyed similarly enviable mobility while the rest of the country was shutting down", "The frenzied desire to boost “diversity” creates the pretext for much of the bureaucratic bloat. Colleges admit so-called underrepresented minorities (URMs) with academic qualifications far below their white and Asian peers.")