Schools are screwed, this is just the perfect storm. Go spend $35yr on a middling state school or top 10 online program for $20k. Pretty sure the cachet of top 10 schools will make it an easy decision. They have tons of brand potential to unleash.
Yep. Thousands of schools are going to close down in the next decade unless they get a bailout. The elite schools will be just fine, this will all happen at 2nd and 3rd rate schools. No one is paying those prices for a severely reduced experience unless the brand is incredibly strong.
Most students I’ve met have no idea how their loans work or what APR is, so I’m sure they’ll keep paying. It’s sad but true