HIGHER EDUCATION BUBBLE UPDATE: House Of Cards: Can The American University Be Saved? “Across the country, universities are canceling classes and furloughing workers, leaving thousands stranded without income. Though some schools have lengthened the tenure timelines of assistant professors, the majority have refused to extend a similar courtesy to graduate students. Staff members and adjuncts have likewise been abandoned—forced to work fewer hours or unceremoniously let go. The situation is likely to get worse as students refuse to shell out tens of thousands of dollars to take subpar online courses while sitting in their living rooms. Without exaggeration, American higher education may be on the verge of a total breakdown.”

If only there had been some sort of warning.