<p>Colleges are bastions of inefficiency, many of them spending tens of millions on sports teams for scholarships for kids who really don’t qualify to be there academically in the first place and for huge salaries for overpaid coaches and then the facilities maintenance, marketing etc. Then they have gazillions of deadwood tenured professors doing little to no work making large salaries and benefits packages. So the cost of an education has skyrocketed the last ten years or so to egregious levels. The question is whether that cost is worthwhile. I suspect we may see a lot of colleges closing as people decide the cost is simply not worth the investment and enrollments drop off the the cliff. The uber rich will send their kids to the name prestige schools where “money talks”. Even at state colleges they are dealing with budget crisis and its predicted that the problems wont evaporate when our economy returns to some level of normalcy. In fact, they predict that tuition and room and board will continue to rise to levels truly unaffordable. Financial aid at many colleges is handed out very unfairly…really blatant discrimination going on. Its most egregious at private schools including many Catholic schools, where favoritivism is rampant. I know this is somewhat off topic, but its relevant to the OP looking.</p>