The college scam is collapsing.
The ONLY reason the college scam could exist is the federal government stepped in to make college “affordable.” Before Uncle Sugar provided loans, colleges had to offer degrees that real-world employers wanted and graduates they needed. Then the Fed Gov fouled it all up by making money available which allowed colleges and universities to raise rates far beyond inflation for decades...which necessitated even greater amounts of federal largesse.
So millions of people got useless degrees that nobody will hire and Uncle Sugar AGAIN stepped in to pay off those useless degrees with “debt forgiveness,” i.e., make all of us who did not take out loans pay off those useless people with useless degrees.
It is great to see St. Cloud cutting out the crap.
Finally. Massive campus bureaucracies collapsing under their own weight.