As US "Higher Education" Bubble Bursts Doomed Schools Push To Hide Insolvency

With the US higher education bubble bursting, a group of small colleges have managed to bully a firm to abandon the release of a report damning their dismal situations (archived). The report was going to project how many years of operation are left across 946 private US colleges in order to assist parents and prospective students weight the risk of school closure in their higher education decisions.

The firm which calls itself "Edmit" offers an "online advising" tool, and they folded on their planned release of the data after allegedly receiving a note from a lawyer swearing anything suggesting the school he represents faces the prospect of near term closure is false. Never mind the increasingly poor alumni networks alienated by the insanity their alma maters sell combine to make any particular school's chance of pulling of a heroic fundraising effort very unlikely.

Denial will continue until closures actually happen.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>