The Collapsing Higher Education Bubble
May 21, 2019
I just received a memo from a university budget committee at Loyola University Maryland in which it is pointed out that there are many universities that are in the same financial boat: sharply declining enrollments are forcing universities like Loyola to cut tuition by substantial amounts, as much as 50 percent, while watering down or essentially eliminating admission requirements. Loyola did away with SAT scores as admission requirements years ago.
Dr. Thomas DiLorenzo [send him mail] is a former professor of economics at Loyola University Maryland and a longtime member of the senior faculty of the Mises Institute. He is the author or co-author of eighteen books including The Real Lincoln; How Capitalism Saved America; Lincoln Unmasked; Hamilton's Curse; Organized Crime: The Unvarnished Truth About Government; The Problem with Socialism; and The Politically-Incorrect Guide to Economics.
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