For years, higher education has been seen as one of the pillars of the US’s economy’s competitive advantage. As we’ve noted on this site, it is a field that is undergoing a profound transformation that will have huge implications for our economy and society. The New England Journal of Higher Education is beginning a series examining what these changes might mean for colleges and the society they serve. Philip DiSalvio, dean of University College at UMass Boston starts the discussion in the current issue:
On state university campuses across the nation, the concept of consolidating campuses and academic assets has gained traction as state support for higher education declines.
We’re now beginning to see a wave of college closings and merger discussions. Forces of change could accelerate the pace. . . . Many institutions have endowments, and students pay upfront with large government subsidies. But for some institutions, endowments are being tapped and the sense of a higher education bubble about to burst is taking hold.
You can read his piece here.