For some reason we are constantly told that the proliferation of independent colleges over the last 200 years was good, and their consolidation is bad.
Every other industry responds to the market, adapts to changing technology, accepts reality. Yet colleges want to duplicate the same courses throughout thousands of schools, charge eye-popping tuition backed by non-dischargeable loans, and make us feel bad that some of them have to close. Their main product is a piece of paper - not fundamental education.
Why can’t Harvard teach the entire country? Why do we need “prestige”? The technology is here. We don’t need 3000 different schools.