There is no way back for the universities - I think that they will be the newspapers of their time.

I think less because a new school can get a pass by having a credit but the other idea that has emerged in this conversation that the kids won't need them.

In the US today there are no jobs no matter what piece of paper you have. There is nothing on the horizon to change that.

So a BA + 40K of debt is a millstone. Soon parents and kids will get smart and walk away