I highly recommend watching the video by Scott Galloway on The College Implosion. [1]
"Colleges have become luxury brands and are adopting a strategy of artificial scarcity to create irrational margins"
There's a large movement right now where many are saying the large tuition fees for Zoom lectures aren't worth it.
Colleges sell themselves for the experience and are a luxury lifestyle brand almost, but with covid the lifestyle aspect of it is wiped out, so its reasonable that students are asking why they'd pay such high premiums.
I think removing SAT, ACT casts a wider net and hopefully allows more students to enroll, what's the scaling limitation if everyone's doing lectures on Zoom? Presumably everyone's also getting graded electronically in some way.
"Colleges have become luxury brands and are adopting a strategy of artificial scarcity to create irrational margins"
There's a large movement right now where many are saying the large tuition fees for Zoom lectures aren't worth it.
Colleges sell themselves for the experience and are a luxury lifestyle brand almost, but with covid the lifestyle aspect of it is wiped out, so its reasonable that students are asking why they'd pay such high premiums.
I think removing SAT, ACT casts a wider net and hopefully allows more students to enroll, what's the scaling limitation if everyone's doing lectures on Zoom? Presumably everyone's also getting graded electronically in some way.
[1]: https://youtu.be/d8kwzSTITP0