$P of Barbers

The cost of attending elite universities like Harvard has increased substantially over the years, but these institutions with large endowments may remain unaffected. However, smaller schools that heavily rely on tuition may face challenges. It is noted that the economic landscape has shifted since 1920, leading to a decrease in the value proposition of higher education. The rising number of talented individuals choosing non-college paths could encourage employers to hire from this pool, reducing the necessity of a college degree. Despite certain specialized fields like STEM requiring intensive training, alternative learning methods such as apprenticeships are being considered. The societal perspective is also changing, with some individuals opting for country club memberships instead of pursuing traditional higher education.