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How Much Does $1 Million Cost?

There is a charcoal line drawn between the quality of education and the desire to maintain a university’s profits. And a hand can drag across that line only so many times before the charcoal smears.

There has been plenty of data that emphasizes the lack of correlation between successful college students and high SAT scores, so it’s understandable if a university earmarks in-class performance as a truer determiner for college performance. But is the personal essay no more than a trivial requirement that can’t sway a university’s decision?

Every time the hand is forced to reach across the line to find a few more students, that charcoal rubs off on the palm. The business model of the university has become endemic. There is no university that evades all responsibility.

High-school graduates are realizing that they’d be better served from an economic standpoint by learning a trade instead of going into debt as a student. When that threat of debt for students is coupled with the declining high-school-graduate population, universities will have to make a lot of tough decisions.

All these factors contribute to the dwindling worth of a bachelor’s degree. Students are persuaded to continue their education, only to indebt themselves to institutions that have devalued their own degrees.

Tenured positions are vanishing, being erased by cost-effective adjuncts. Universities are blurring the charcoal for a bottom line.

How many times can a university tighten its belt before it has to carve new notches with a pocket knife?

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