“The cautionary tale of Hampshire College and the broken business model of American higher education…Carleton College economist Nathan Grawe predicts that the four-year-college applicant pool is likely to shrink by almost 280,000 per class, over four years, starting in 2026, a year known in higher ed as ‘the Apocalypse’ …(and)…colleges in New England and the Midwest will find it increasingly hard to lure students, particularly those able to pay. The problem is the business model. Colleges have long counted on wealthy students to subsidize the cost of education for those who can’t afford it. But for many institutions, that is becoming untenable.”
The Washington Post Magazine
October 28, 2019
“We are at a place where fundamentally our business model does not support our core values around equity, diversity, inclusion”
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Reputation risk arises in the gap between reality and expectations.
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