One is a proxy for the other. There is $1.5T [1] in total outstanding student debt. There would not be such a large amount without a number of factors, but th

One is a proxy for the other. There is $1.5T [1] in total outstanding student debt. There would not be such a large amount without a number of factors, but the most important piece of this puzzle is the number of students and that correlates 1:1 to with admission slots. So as I originally posited, there are enough admission slots (probably way too many given default rates) at the aggregate level. Maybe there are not enough admission slots at MIT and other similarly impressive schools, but in the aggregate there are probably too many admission slots. So "university admission slots", as you stated without any qualifiers, has an oversupply. [1] https://en.wikipedia.org/wiki/Student_debt#United_States https://en.wikipedia.org/wiki/Student_debt#United_States