"...meaning that there are about 300,000 fewer undergraduates to divvy up among America's campuses than there used to be...To fill seats, colleges are engaged in an arms race of discounts that they increasingly cannot afford - discounts so deep that, while sticker prices appear to be rising ahead of the inflation rate, the schools are actually seeing their net tuition revenue decline. Many small, private nonprofit colleges are giving away a record 51% of their tuition income in the form of discounts...."
It's simple math/$$$$....
A very British business - a very worthwhile read!
"And can they still claim to offer a traditional British education when their classes are increasingly stuffed with the offspring of Russian oligarchs and Asian crony capitalists?"
A description of how the other "half" of college students live: (spoiler alert!) they don't attend Ivy League Universities, they live at home, they hold jobs, and are not all 18.