How COVID-19 Could Shift The College Business Model: ‘It’s Hard To Go Back’
Could A Virus Accelerate Disruption Of The Four-Year Degree?
The price tag of a four-year degree has increased almost eight times faster than wages. But what will happen as we hit an unemployment rate that is the highest since the Great Depression?
It took just a few tumultuous weeks to completely change the entire U.S. higher education system. Campuses sit empty as millions of students are back in households that already fighting to pay the cost of college, and are now closing businesses, losing jobs, and struggling to pay even basic expenses.
Those students with internet access have been thrust overnight into hastily prepared digital substitutes of the campus experience. Could this abrupt and far-reaching shift put enough pressure on the college business model to trigger lasting change?
Read the whole post on Forbes.