A sobering article by Tyler Durden: is worth a read: "The Math Is Not Pretty" - COVID Concerns Spark "Existential Threat" For Many Colleges.

The U.S. higher education bubble/student loan bubble was one of the main bubbles that I said (in Forbes in 2019) would burst in the coming recession/depression: 

I believe that we're going to see a mass wave of college closures. This would have happened with COVID-19 or without it. It was always destined to happened due to the massive student loan bubble

This student loan bubble funded ridiculously high administration and faculty salaries & opulent construction projects on campuses across the U.S.

Meanwhile, college costs kept soaring: $40k/year, then $50k, and now $60k/year. That bubble has now burst.