Prediction: Half of all US colleges will be bankrupt in less than 10 years
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A Harvard business professor predicts that half of the colleges in the United States will be bankrupt within the next nine years.
The Washington Examiner reports Professor Clayton Christensen analyzed the current state of American universities.
He concluded that online education is far more cost-effective for students and as the demand for online courses increases, actual attendance at traditional universities will decrease.
Christensen is not alone in his gloomy outlook on traditional colleges.
For years, the Department of Education has been predicting college closures to triple, and it appears as though those predictions are beginning to become reality.
Corrie O'Connor
