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The price of college has been skyrocketing over the past few decades, escalating far higher and faster than the rate of inflation. According to one study, the cost of tuition at many schools is up by well over 1000% in less than a half century. For what? What about the product offering has actually changed? That’s a question that came into sharp focus as millions of students last March flocked to Zoom University…overnight.
As recently as three years ago, one of my favorite business school professors, the late Clay Christensen, predicted half of all colleges in the US would close some time this decade…that their business models would be unsustainable and would be disrupted. And, then, of course, there was the pandemic.
So, was Clay Christensen right?
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