Mainstream coverage of academia this year was all about "wokeness," AI, and accusations of anti-semitism re: Palestine protests, but this is the real story underlying all else. Most people outside of academia have no idea the extent to which higher ed is contracting and crumbling.
I have a hard time wrapping my head around the cost of attending many US private colleges. Approaching $100k/yr for a degree is well beyond my means. I teach at a top Australian uni and the cost of the degree is closer to $30k-40k/yr in USD for a domestic student.
average cost of tuition in the US is around $40k-$50k i would argue. schools advertise their full tuition prices, but the actual cost comes down when financial aid is factored in. there will always be outlier prestigious schools asking $95k, but this is not the burden for typical american students
I am reasonably confident that somewhere some jagoff reading this is thinking 'Large language models are going to make higher education unneeded in the future' if this wasn't depressing enough already.