This explains it all: https://www.wnycstudios.org/podcasts/otm/segments/long-brewing-crisis-higher-education-on-the-media https://www.wnycstudios.org/podcasts/

This explains it all: https://www.wnycstudios.org/podcasts/otm/segments/long-brewing-crisis-higher-education-on-the-media https://www.wnycstudios.org/podcasts/otm/segments/long-brewi... Our prestigious higher education institutions have become hedge funds with small educational arms. Over the last decades billions of dollars has been transferred from middle class households to the hedge funds of these universities. If their goal was to maximize education they wouldn't artificially limit admissions so as to increase the rarity of their luxury brand.