The Exit Ramps That Could Save Higher Education

By Kenneth Hartman - EvoLLLution. 1. What is the “exit ramp” concept?
The basic premise is that American higher education is like a highway. For the past 50 years or so, the highway has been pretty predictable with occasional peaks or lulls; however, today, the highway looks very different with colleges facing historical changes both within and outside the academy, like higher enrollment, declined employment, record student debt, a lackluster economy (both here and abroad) and global unrest. When the CFO from Harvard [University] states that their business model is unsustainable — and at the last count, they had a $33 billion endowment — it’s time for all colleges to examine where they are on the highway and seek the next exit because, for many, the bridge is out at the end of the road. More...