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Creative destruction is US education

Admission and Test Scores in Harvard - Tekedia

Creative destruction also happens in education in the US: more than 200 colleges and universities in the United States  closed in the decade, notes LinkedIn News:

‘More colleges are shuttering even though applications at well-known institutions — including Ivy League schools — have spiked. Overall, applications jumped 24% from 2019 to 2022, according to a Common Application report. The data shows more applicants are vying for spots in the same "brand-name" schools, where "demand is off the charts," the president of a college test prep firm says. Meanwhile, smaller, less prestigious schools are struggling with inflation and dwindling endowments. Roughly 200 colleges have closed in the decade, based on a Wall Street Journal investigation, quadrupling the pace of the previous decade.’