<p>Two factors have so far shielded the American university from the sort of criticism that it so freely levels against almost every other institution in American life. (1) For decades a college education has been considered the key to an ascendant middle-class existence. (2) Until recently a college degree was not tantamount to lifelong debt. In other words, American society put up with a lot of arcane things from academia, given that it offered something — a BA or BS degree — that almost everyone agreed was a ticket to personal security and an educated populace.</p>