Half of all US colleges to be bankrupt in 10 to 15 years

From Abigail Hess at CNBC:

There are over 4,000 colleges and universities in the United States, but Harvard Business School professor Clayton Christensen says that half are bound for bankruptcy in the next few decades.

In his recent book, “The Innovative University,” Christensen and co-author Henry Eyring analyze the future of traditional universities, and conclude that online education will become a more cost-effective way for students to receive an education, effectively undermining the business models of traditional institutions and running them out of business.More.

Reality check: If so: No one cares if the snowflake is holding a social justice revolution in Mom’s basement in front of a screen full of assignments. He’d better raise hell wherever he can in the meantime.

See also: Wow! U just cut sociology and other “useless” majors. Yes, hard to believe, but true. Sociology is a way of training Orwell’s Outer Party, the educated class whose control of information keep others from freedom.