Professor Clayton Christensen, from Harvard Business School, forecast that half of american colleges will be bankrupt by 2030. That is around 2000 colleges.
The main reason?
In his new book, “The Innovative University” he concludes:
“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.”
Imagine Harvard doing a Labor Day Sale
Instead of $60,000 a year, you can just pay $30,000
Except they never do that
Because universities don't give a fuck about their students
Meanwhile, online courses are on sale for Labor Day AND give you an ROI
— Dennis Demori (@DennisDemori) September 4, 2018
He’s not alone in this prediction, the U.S. Department of Education and Moody’s Investor Service also say that closures will triple. Watch CNBC short video on the topic here: