End of an Era

For now, we have suspended our three decade long run of citizen journalism and will let you know where we go from here.  Two of our other publications, American Injustice and street sociologist are also closed, but remain online for now on Blogger. 

Our Anti-SLAPP lawsuit (Chip Paucek and Pro Athlete Community v Dahn Shaulis) is pending. While the legal bill is enormous, we expect to win. In the meantime, please support independent voices like Democracy Now!, Richard Wolff, Robert A. Pape, Julie K. Brown, Roger Sollenberger, and Troy Barile. 

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Use the search tools and click on these hashtags for more information from the College Meltdown and Higher Education Inquirer archives.  

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   Higher Education and Class Sorting. Image by Glen McGhee

On our last full day of operation, we extend our deepest gratitude to the many courageous voices who have contributed to the Higher Education Inquirer over the years. Through research, reporting, whistleblowing, analysis, and public service, you have exposed inequities, challenged powerful interests, and helped the public understand the realities of higher education. Together, you form a resilient network of knowledge, courage, and public service, showing that collective insight can illuminate even the most entrenched systems. Your dedication has been, and continues to be, invaluable.

Special thanks to:
Bryan Alexander (Future Trends Forum), J. J. Anselmi (author), Devarian Baldwin (Trinity College),  Lisa Bannon (Wall Street Journal), Joe Berry (Higher Education Labor United), Kate Bronfenbrenner (Cornell), Stephen Burd (New America), Ann Bowers (Debt Collective), James Michael Brodie (Black and Gold Project Foundation), Patrick Campbell (Vets Ed Brief), Richard Cannon (activist), Kirk Carapezza (WGBH), Kevin L. Clay (Rutgers), Randall Collins (UPenn), Marianne Dissard (activist), Cory Doctorow, William Domhoff (UC Santa Cruz), Ruxandra Dumitriu, Keil Dumsch, Garrett Fitzgerald (College Recon), Glen Ford (with the ancestors), Richard Fossey (Condemned to Debt), Erica Gallagher (2U Whistleblower), Cliff Gibson III (Gibson & Keith), Henry Giroux (McMaster University), Terri Givens (University of British Columbia), Aaron Glantz, Luke Goldstein (The Lever),  Nathan Grawe (Carleton College), Michael Green (UNLV), Michael Hainline (Restore the GI Bill for Veterans), Debra Hale Shelton (Arkansas Times), Stephanie M. Hall (Protect Borrowers),  David Halperin (Republic Report), Bill Harrington (Croatan Institute), Phil Hill (On EdTech), Investor X (business insider), Robert Jensen (UT Austin), Seth Kahn (WCUP), Hank Kalet (Rutgers), Ben Kaufman (Protect Borrowers), Robert Kelchen (University of Tennessee), Karen Kelsky (The Professor Is In), Neil Kraus (UWRF), LACCD Whistleblower, Michelle Lee (whistleblower), Wendy Lynne Lee (Bloomsburg University of PA), Emmanuel Legeard (whistleblower), Adam Looney (University of Utah), Alec MacGillis (ProPublica), Jon Marcus (Hechinger Report), Steven Mintz (University of Texas), John D. Murphy (Mission Forsaken), Annelise Orleck (Dartmouth), Margaret Kimberly (Black Agenda Report), Austin Longhorn (UT student loan debt whistleblower), Richard Pollock (journalist), Debbi Potts (whistleblower), Jack Metzger (Roosevelt University), Derek Newton (The Cheat Sheet), Jeff Pooley (Annenberg Center), Fahmi Quadir (Safkhet Capital), Chris Quintana (USA Today), Jennifer Reed (University of Akron), Kevin Richert (Idaho Education News), Gary Roth (Rutgers-Newark), Mark Salisbury (TuitionFit), Stephanie Saul (NY Times), Christopher Serbagi (Serbagi Law), Alex Shebanow  (Fail State), Bob Shireman (TCF), Bill Skimmyhorn (William & Mary), Peter Simi (Chapman University), Jeffrey Sonnenfeld (Yale), Gary Stocker (College Viability), Strelnikov (Wikipedia Sucks), Taylor Swaak (Chronicle of Higher Education), Theresa Sweet (Sweet v Cardona), Harry Targ (Purdue University), Moe Tkacik (American Prospect),  Kim Tran (activist), Mark Twain Jr. (business insider), Michael Vasquez (The Tributary), Marina Vujnovic (Monmouth), Richard Wolff (Economic Update), David Whitman, Todd Wolfson (Rutgers, AFT), Helena Worthen (Higher Ed Labor United), DW (South American Correspondent), Heidi Weber (Whistleblower Revolution), Michael Yates (Monthly Review), government officials who have supported transparency and accountability, and the countless other educators, researchers, whistleblowers, advocates, and public servants whose work strengthens our understanding of higher education.

Dahn Shaulis and Glen McGhee

The Educated Underclass Without Borders

Gary Roth’s The Educated Underclass describes a growing population of college-educated people who, despite credentials and effort, are increasingly locked out of stable, dignified work. While Roth’s analysis focuses primarily on the United States, the framework extends naturally—and urgently—to international students educated in the U.S. and to the global labor markets they enter after graduation. When immigration regimes, artificial intelligence, and comparative higher education systems are considered together, the educated underclass emerges not as a national failure, but as a transnational condition produced by modern higher education itself.

U.S. colleges and universities aggressively recruit international students, presenting the American degree as a global passport to opportunity. These students pay higher tuition, subsidize institutional budgets, and enhance global prestige. What is far less visible is that access to the U.S. labor market after graduation is narrow, temporary, and increasingly unstable. Programs such as Optional Practical Training and the H-1B visa tie legal status to continuous employment, transforming graduates into a compliant workforce with little leverage. Job loss does not merely mean unemployment; it can mean removal from the country.

Indian students in STEM fields illustrate this dynamic clearly. Drawn by promises of innovation and demand, they enter graduate programs in computer science, engineering, and data analytics, only to find themselves funneled into a lottery-based visa system dominated by outsourcing firms and consulting intermediaries. Visa dependency suppresses wages, discourages job mobility, and creates a workforce that is educated but structurally insecure. Roth’s educated underclass is visible here, but intensified by deportability.

Artificial intelligence compounds this precarity. Entry-level technical and analytical roles—software testing, junior programming, data cleaning, research assistance—are increasingly automated or augmented. These were precisely the jobs that once absorbed international graduates. AI-driven labor contraction now collides with rigid visa timelines, turning technological displacement into enforced exit. Immigration policy quietly performs the work of labor market triage.

Chinese students in business, economics, and the social sciences encounter a different version of the same trap. U.S. employers are often reluctant to sponsor visas outside STEM, while Chinese labor markets are saturated with domestically educated elites. Meanwhile, geopolitical tensions—intensified during the Trump administration—have normalized suspicion toward Chinese students and scholars, particularly in research-adjacent fields. The American degree, once a clear marker of distinction, increasingly yields managerial precarity, contract work, or prolonged dependence on family support.

China’s own higher education system complicates this picture. Massive state investment has expanded elite universities and research capacity, producing millions of highly credentialed graduates each year. Yet employment growth has not kept pace. Underemployment among Chinese graduates has become routine, and returnees from U.S. programs often find that their foreign credentials no longer guarantee elite status. In both systems, education expands faster than secure work, producing surplus aspiration and managed disappointment.

Canada is often presented as a counterexample to U.S. hostility toward international students, but its outcomes reveal similar structural dynamics. Canadian universities rely heavily on international tuition, while immigration pathways—though more predictable—still channel graduates into precarious labor markets. Many international students end up in low-wage service or contract work unrelated to their degrees while awaiting permanent residency. At the same time, domestic Canadian graduates face rising competition for limited professional roles, particularly in urban centers. The result is not inclusion, but stratified precarity distributed across citizenship lines.

These global dynamics have domestic consequences that are rarely acknowledged honestly. International students and foreign graduates are increasingly perceived as occupying educational and professional positions that might otherwise go to people whose families have lived in the United States for generations. In elite universities, graduate programs, and competitive labor pipelines, institutions often prefer international applicants who pay full tuition, arrive pre-trained by global inequality, and are more willing to accept insecure work.

For historically rooted communities—Black Americans, Indigenous peoples, and long-established working-class families—the resentment is especially acute. After centuries of exclusion from education and professional employment, they are told that opportunity is scarce and must now be globally competitive. The contradiction is profound: a nation that never fully delivered educational justice at home markets opportunity abroad while declaring it unattainable domestically.

Trump-era immigration policies exploited this tension by framing foreign students and workers as threats rather than as participants in a system designed by elites. Travel bans, visa restrictions, attacks on OPT, and open hostility toward immigrants transformed structural failure into cultural conflict. Yet the animosity did not originate with Trump. It reflects decades of policy choices that expanded higher education without expanding secure employment, substituted global labor arbitrage for domestic investment, and left working- and middle-class Americans to absorb the losses.

Universities play a central role in sustaining this arrangement. They function as global sorting machines, extracting tuition from abroad, conferring credentials with declining labor-market value, and disclaiming responsibility for outcomes shaped by immigration law and AI-driven contraction. Career services rarely confront these realities directly. Transparency would threaten enrollment pipelines, so silence prevails.

In Roth’s terms, this enlarges the educated underclass while fracturing it internally. Domestic and foreign graduates are pitted against one another for shrinking footholds, even as both experience debt, insecurity, and diminishing returns on education. The conflict is horizontal, while power remains vertical.

The educated underclass is no longer emerging. It is already global, credentialed, indebted, and increasingly unnecessary to the systems that trained it. Until institutions, employers, and governments in the U.S., Canada, China, and beyond are held accountable for the scarcity they engineer, higher education will continue to function not as a ladder to mobility, but as a mechanism for managing inequality across borders.

---

Sources

Gary Roth, The Educated Underclass
Harriet A. Washington, Medical Apartheid
Elisabeth Rosenthal, An American Sickness
OECD, Education at a Glance
U.S. Citizenship and Immigration Services, OPT and H-1B program materials
National Foundation for American Policy, reports on H-1B labor markets
Georgetown University Center on Education and the Workforce, credential inflation studies
International Labour Organization, global youth and graduate employment reports
China Ministry of Education, graduate employment statistics
Statistics Canada, international students and labor market outcomes
David Graeber, Bullshit Jobs
Richard Wolff, writings on global labor surplus and credentialism

Higher Education Inquirer Resources, Spring 2026

[Editor's note: Please let us know of any corrections, additions, or broken links.  We always welcome your feedback.]  

This list traces how U.S. higher education has been reshaped by neoliberal policies, privatization, and data-driven management, producing deepening inequalities across race and class. The works examine the rise of academic capitalism, growing student debt, corporatization, and the influence of private interests—from for-profit colleges to rankings and surveillance systems. Together, they depict a sector drifting away from its public mission and democratic ideals, while highlighting the structural forces that created today’s crises and the reforms needed to reverse them.

Ahn, Ilsup (2023). The Ethics of Educational Healthcare: Student Debt, Neoliberalism, and Justice. Palgrave Macmillan.
Alexander, Bryan (2020). Academia Next: The Futures of Higher Education. Johns Hopkins Press.
Alexander, Bryan (2023). Universities on Fire. Johns Hopkins Press.

Alexander, Bryan (2026). Peak Higher Ed. Johns Hopkins Press.

Angulo, A. (2016). Diploma Mills: How For-profit Colleges Stiffed Students, Taxpayers, and the American Dream. Johns Hopkins University Press.

Apthekar, Bettina (1966). Big Business and the American University. New Outlook Publishers.

Apthekar, Bettina (1969). Higher Education and the Student Rebellion in the United States, 1960–1969: A Bibliography.

Archibald, R. & Feldman, D. (2017). The Road Ahead for America's Colleges & Universities. Oxford University Press.

Armstrong, E. & Hamilton, L. (2015). Paying for the Party: How College Maintains Inequality. Harvard University Press.

Arum, R. & Roksa, J. (2011). Academically Adrift: Limited Learning on College Campuses. University of Chicago Press.

Baldwin, Davarian (2021). In the Shadow of the Ivory Tower: How Universities Are Plundering Our Cities. Bold Type Books.

Barr, Andrew & Turner, Sarah (2023). The Labor Market Returns to Higher Education. Oxford University Press.

Bennett, W. & Wilezol, D. (2013). Is College Worth It? Thomas Nelson.

Berg, I. (1970). The Great Training Robbery: Education and Jobs. Praeger.

Berman, Elizabeth P. (2012). Creating the Market University. Princeton University Press.

Berman, Elizabeth Popp & Stevens, Mitchell (eds.) (2019). The University Under Pressure. Emerald Publishing.

Berry, J. (2005). Reclaiming the Ivory Tower: Organizing Adjuncts to Change Higher Education. Monthly Review Press.

Berry, J. and Worthen, H. (2021). Power Despite Precarity: Strategies for the Contingent Faculty Movement in Higher Education. Pluto Books.

Best, J. & Best, E. (2014). The Student Loan Mess. Atkinson Family Foundation.

Bledstein, Burton J. (1976). The Culture of Professionalism. Norton.

Bogue, E. Grady & Aper, Jeffrey (2000). Exploring the Heritage of American Higher Education.

Bok, D. (2003). Universities in the Marketplace. Princeton University Press.

Bousquet, M. (2008). How the University Works. NYU Press.

Brennan, J. & Magness, P. (2019). Cracks in the Ivory Tower. Oxford University Press.

Brint, S. & Karabel, J. (1989). The Diverted Dream. Oxford University Press.

Burawoy, Michael & Mitchell, Katharyne (eds.) (2020). The University, Neoliberalism, and the Politics of Inequality. Routledge.

Burd, Stephen (2024). Lifting the Veil on Enrollment Management: How a Powerful Industry is Limiting Social Mobility in American Higher Education. Harvard Education Press

Cabrera, Nolan L. (2018). White Guys on Campus. Rutgers University Press.

Cabrera, Nolan L. (2024). Whiteness in the Ivory Tower. Teachers College Press.

Cantwell, Brendan & Robertson, Susan (eds.) (2021). Research Handbook on the Politics of Higher Education. Edward Elgar.

Caplan, B. (2018). The Case Against Education. Princeton University Press.

Cappelli, P. (2015). Will College Pay Off? Public Affairs.

Carney, Cary Michael (1999). Native American Higher Education in the United States. Transaction.

Cassuto, Leonard (2015). The Graduate School Mess. Harvard University Press.

Caterine, Christopher (2020). Leaving Academia. Princeton Press.

Childress, H. (2019). The Adjunct Underclass. University of Chicago Press.

Chomsky, Noam (2014). Masters of Mankind. Haymarket Books.

Choudaha, Rahul & de Wit, Hans (eds.) (2019). International Student Recruitment and Mobility. Routledge.

Clay, Kevin (2026). I Guess This Is Activism?: Youth, Political Education, and Free-Market Common Sense. University of Minnesota Press.  

Cohen, Arthur M. (1998). The Shaping of American Higher Education. Jossey-Bass.

Collins, Randall (1979/2019). The Credential Society. Columbia University Press.

Cottom, Tressie McMillan (2016). Lower Ed.

Cottom, Tressie McMillan & Darity, William A. Jr. (eds.) (2018). For-Profit Universities. Routledge.

Domhoff, G. William (2021). Who Rules America? Routledge.

Donoghue, F. (2008). The Last Professors.

Dorn, Charles (2017). For the Common Good. Cornell University Press.

Eaton, Charlie (2022). Bankers in the Ivory Tower. University of Chicago Press.

Eisenmann, Linda (2006). Higher Education for Women in Postwar America. Johns Hopkins Press.

Espenshade, T. & Walton Radford, A. (2009). No Longer Separate, Not Yet Equal. Princeton University Press.

Faragher, John Mack & Howe, Florence (eds.) (1988). Women and Higher Education in American History. Norton.

Farber, Jerry (1972). The University of Tomorrowland. Pocket Books.

Freeman, Richard B. (1976). The Overeducated American. Academic Press.

Gaston, P. (2014). Higher Education Accreditation. Stylus.

Gildersleeve, Ryan Evely & Tierney, William (2017). The Contemporary Landscape of Higher Education. Routledge.

Ginsberg, B. (2013). The Fall of the Faculty. Oxford University Press.

Giroux, Henry (1983). Theory and Resistance in Education. Bergin and Garvey Press.

Giroux, Henry (2014). Neoliberalism’s War on Higher Education. Haymarket Books.

Giroux, Henry (2022). Pedagogy of Resistance. Bloomsbury Academic.

Gleason, Philip (1995). Contending with Modernity. Oxford University Press.

Golden, D. (2006). The Price of Admission.

Goldrick-Rab, S. (2016). Paying the Price.

Graeber, David (2018). Bullshit Jobs. Simon and Schuster.

Groeger, Cristina Viviana (2021). The Education Trap. Harvard Press.

Hamilton, Laura T. & Kelly Nielson (2021). Broke.

Hampel, Robert L. (2017). Fast and Curious. Rowman & Littlefield.

Hirschman, Daniel & Berman, Elizabeth Popp (eds.) (2021). The Sociology of Higher Education.

Johnson, B. et al. (2003). Steal This University.

Kamenetz, Anya (2006). Generation Debt. Riverhead.

Keats, John (1965). The Sheepskin Psychosis. Lippincott.

Kelchen, Robert (2018). Higher Education Accountability. Johns Hopkins University Press.

Kezar, A., DePaola, T., & Scott, D. (2019). The Gig Academy. Johns Hopkins Press.

Kinser, K. (2006). From Main Street to Wall Street.

Kozol, Jonathan (1992). Savage Inequalities. Harper Perennial.

Kozol, Jonathan (2006). The Shame of the Nation. Crown.

Kraus, Neil (2023). The Fantasy Economy: Neoliberalism, Inequality, and the Education Reform Movement. Temple University Press.

Labaree, David (1997). How to Succeed in School Without Really Learning. Yale University Press.

Labaree, David F. (2017). A Perfect Mess. University of Chicago Press.

Lafer, Gordon (2004). The Job Training Charade. Cornell University Press.

Loehen, James (1995). Lies My Teacher Told Me. The New Press.

Lohse, Andrew (2014). Confessions of an Ivy League Frat Boy. Thomas Dunne Books.

Lucas, C.J. (1994). American Higher Education: A History.

Lukianoff, Greg & Haidt, Jonathan (2018). The Coddling of the American Mind. Penguin Press.

Maire, Quentin (2021). Credential Market. Springer.

Mandery, Evan (2022). Poison Ivy. New Press.

Marginson, Simon (2016). The Dream Is Over. University of California Press.

Marti, Eduardo (2016). America's Broken Promise. Excelsior College Press.

Mettler, Suzanne (2014). Degrees of Inequality. Basic Books.

Morris, Dan & Targ, Harry (2023). From Upton Sinclair's 'Goose Step' to the Neoliberal University.

Newfeld, C. (2011). Unmaking the Public University.

Newfeld, C. (2016). The Great Mistake.

Newfield, Christopher (2023). Metrics-Driven. Johns Hopkins Press.

O’Neil, Cathy (2016). Weapons of Math Destruction. Crown.

Palfrey, John (2020). Safe Spaces, Brave Spaces. MIT Press.

Paulsen, M. & Smart, J.C. (2001). The Finance of Higher Education. Agathon Press.

Piketty, Thomas (2020). Capital and Ideology. Harvard University Press.

Reynolds, G. (2012). The Higher Education Bubble. Encounter Books.

Rojstaczer, Stuart (1999). Gone for Good. Oxford University Press.

Rosen, A.S. (2011). Change.edu. Kaplan Publishing.

Roth, G. (2019). The Educated Underclass. Pluto Press.

Ruben, Julie (1996). The Making of the Modern University. University of Chicago Press.

Rudolph, F. (1991). The American College and University.

Rushdoony, R. (1972). The Messianic Character of American Education. The Craig Press.

Schrecker, Ellen (2010). The Lost Soul of Higher Education: New Press.

Selingo, J. (2013). College Unbound.

Shelton, Jon (2023). The Education Myth. Cornell University Press.

Simpson, Christopher (1999). Universities and Empire. New Press.

Sinclair, U. (1923). The Goose-Step.

Slaughter, Sheila & Rhoades, Gary (2004). Academic Capitalism and the New Economy. Johns Hopkins University Press.

Smyth, John (2017). The Toxic University. Palgrave Macmillan.

Sperber, Murray (2000). Beer and Circus. Holt.

Stein, Sharon (2022). Unsettling the University. Johns Hopkins Press.

Stevens, Mitchell L. (2009). Creating a Class. Harvard University Press.

Stodghill, R. (2015). Where Everybody Looks Like Me.

Tamanaha, B. (2012). Failing Law Schools. University of Chicago Press.

Tatum, Beverly (1997). Why Are All the Black Kids Sitting Together in the Cafeteria? Basic Books.

Taylor, Barret J. & Cantwell, Brendan (2019). Unequal Higher Education. Rutgers University Press.

Thelin, John R. (2019). A History of American Higher Education. Johns Hopkins Press.

Tolley, K. (2018). Professors in the Gig Economy. Johns Hopkins University Press.

Trow, Martin (1973). Problems in the Transition from Elite to Mass Higher Education. Carnegie Commission on Higher Education. 

Twitchell, James B. (2005). Branded Nation. Simon and Schuster.

Vedder, R. (2004). Going Broke By Degree.

Veysey, Lawrence R. (1965). The Emergence of the American University.

Washburn, J. (2006). University Inc.

Washington, Harriet A. (2008). Medical Apartheid. Anchor.

Whitman, David (2021). The Profits of Failure. Cypress House.

Wilder, C.D. (2013). Ebony and Ivy.

Winks, Robin (1996). Cloak and Gown. Yale University Press.

Woodson, Carter D. (1933). The Mis-Education of the Negro.

Zaloom, Caitlin (2019). Indebted. Princeton University Press.

Zemsky, Robert, Shaman, Susan & Baldridge, Susan Campbell (2020). The College Stress Test. Johns Hopkins University Press.

Zuboff, Shoshana (2019). The Age of Surveillance Capitalism. PublicAffairs. 

Activists, Coalitions, Innovators, and Alternative Voices

• Academe Blog
• Adjunct Crisis
• Adjunct Nation
• American Federation of Teachers Adjunct-Contingent Faculty Caucus
• American Scholar
• Bryan Alexander (Futurist)
• Campus News (New York)
• Clery Center
• Coalition of Contingent Academic Labor
• College Futures Foundation (California, K-20)
• College is a Risky Business (Thomas B. Walsh)
• College Promise (Free Community College)
• College Tuition Advisory Services (CTAS)
• College Viability App (Gary Stocker)
• Con Job: Stories of Adjunct and Contingent Faculty
• Confessions of a College Professor (Professor Doom)
• Debt Collective
• Deep Thoughts on Higher Education (Jeff Doyle) 
• Diane Ravitch (K-12)
• EdTrust
  
• Higher Ed Not Debt
• Higher Education Labor United  
  
• Higher Education Strategy Associates
• I Am Ai
• ITT Tech Warriors
• Jim Wolfston and the Social Mobility Index (CollegeNet)
  
• Jonathan Kozol (K-12)
• Kelchen on Education
  
• National Consumer Law Center
• New Faculty Majority (Adjuncts)
• New Laws For America (Bob Hertz)
• Outside the Law School Scam
• Presidents Alliance on Higher Education and Immigration 
• Project on Predatory Student Lending
  
• Randall Collins (Credentialism and Credential Inflation)
• Remaking the University
• Republic Report (David Halperin)
• Saving For College (Mark Kantrowtitz)
• SEIU Faculty Forward (Adjuncts)
• Steve Foerster (Technologist and Educator)
• Strike Debt Portland
• Student Borrower Protection Center
• Student Debt Crisis
• Student Loan Justice
• Terri Givens (Radical Empathy)
• The Best Classroom is the Struggle (Joshua Sooter) 
• TuitionFit (Mark Salisbury)
• Whistleblower Revolution (Heidi Weber)
• Workplace: A Journal for Academic Labor
• Wrench in the Gears: A Skeptical Parent's Thoughts on Digital Curriculum (K-12)

 College Choice and Career Planning Tools

• Modern States (free college credits)
  
• College Promise
• TuitionFit 
• College Viability App
• College Scorecard (NCES) 
• Washington Monthly College Rankings 
• Apprenticeship Finder (US Department of Labor)
• FinAid
• College Navigator (NCES)
• Best Value Colleges (PayScale)  
• Hechinger Report College Fitness Tracker
  
• NBC News Investigation: Certificate schools are leaving many students in debt and unable to find jobs
• 2/3s of US Employees Regret Their College Degrees (CBS News)
• The Future of Work Won't Be About College Degrees (CNBC, Stepane Kasriel)
• Student Loan Meltdown (Dave Ramsey)
• Permanent Underemployment for College Grads (Burning Glass Technologies)
• College Is A Risky Proposition For The Working Class (Jon Marcus, Hechinger Report)
• Apprenticeships are a trending alternative to college — but there’s a hitch (Jon Marcus, Hechinger Report) 
• 15 Things College Doesn't Teach You
• Best Colleges for Social Mobility (CollegeNet)
• The Case Against Higher Education (Bryan Caplan)
• College May Not Pay Off For Everyone (Liberty Street Economics/NY FED)
• Online Education Has Questionable Outcomes (IHE)
• Colleges Where Most Students Borrow and Few Repay (TICAS)
• Broke, Busted, and Disgusted Trailer (Student Loan Debt)
• The Confusing Information Colleges Provide Students About Financial Aid (The Atlantic)
• College Affordability and Transparency Center (ED)
• Public College Dropout Factories (Third Way)
• Outcomes By Major (NY FED)
• Third Way
• GI Bill Comparison Tool (VA)
• 8 Tips to Help Vets Pick the Right College (Military Times)
• Warrior Scholar (For Veterans)
• Service to School (For Veterans)
• Peer Advisors for Veteran Education (PAVE)

Innovation and Reform

• Faculty Focus
  
• Strategies for Improving Student Success (Inside Higher Education)
• CUNY ASAP 
  
• Gap Year Basics (NYU)
• Union Plus Free College 
  
• Maryland Student Loan Debt Relief Tax Credit
• Canceling Student Loan Debt Would Grow Economy and Add Jobs (Levy Institute)
• Beyond Tuition: Promises for Affordability, Quality, and Accountability in Higher Education (Center for American Progress)
• Georgia State Turnaround (CHE)
• Spelman Health Initiative (IHE)
• University of Kansas: BA In Three Years
• Shady Grove: Nine Campuses in One (WAPO)  
  

Higher Education Policy

• Veterans’ Education Advocates Celebrate Closure of the 90/10 Loophole
• College Transparency Act (Senate Bill 800)
• Dropping Gainful Employment Rules Gives Billions to Subprime Colleges (Inside Higher Education)
• ED Announces Steps to Hold Institutions Accountable for Taxpayer Losses
• FTC Head Says Supreme Court Ruling Puts More Than $2 Billion for Cheated Consumers at Risk (Brent Kendall, WSJ)
• GAO Report Regarding Online Program Managers
• How to Stop Sudden College Closures (Century Foundation)
• Improving Outcomes Data for Online Programs (Robert Kelchen, Inside Higher Education)
• Spelman College Replaces NCAA Sports with Wellness Programs
• Strengthening Rural Anchor Institutions: Federal Policy Solutions for Rural Public Colleges and the Communities They Serve (Alliance for Research on Regional Colleges)
• The Distributional Effects of Student Loan Forgiveness (BFI Working Paper, Sylvain Catherine and Constantine Yannelis)
• The for-profit college system is broken and the Biden administration needs to fix it (Brookings)
• The Impact of a National Program of Free Tuition at Public Community Colleges and Free Tuition for Most Students at Public Four-Year Colleges and Universities on College Enrollments, Graduations, and the Economy (Robert Shapiro and Isaac Yoder)
• Three Things Policymakers Can Do to Protect Online Students (Century Foundation)  
  

Data Sources

• American Association of Colleges and Universities  
  
• American Association of State Colleges and Universities
• American Indian Higher Education Consortium
• Academic Labor Force Trends (AAUP)
• Century Foundation 
  
• Closed Schools Report (US Department of Education)
• College Closing Projections (EY)
• College Costs Increasing Over Time (College Board)
• College Debt Inhibits Home Buying (CNBC)
• Complete College America
  
• Debt by Degrees (Pro Publica)
• Department of Defense
• Education Statistics by Institution
• Enrollment Numbers 
• Excelencia in Education
• Foundation for Research on Equal Opportunity
  
• Growing Inland Achievement 
• Hechinger Report
• Heightened Cash Monitoring
• Long-term Student Loan Default Rates
• Lumina Foundation 
  
• National Association of College and University Business Officers (NACUBO)
• National Assessment of Educational Progress
  
• National Association of Student Financial Aid Administrators (NASFAA)
• National Center for Education Statistics
• NCES Blog
  
• National Student Clearinghouse 
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Forecasting the U.S. College Meltdown: How Higher Education Inquirer’s 2016 Warnings Played Out, 2016–2025 (Glen McGhee)

In December 2016, the Higher Education Inquirer published a set of 18 predictions warning of an ongoing “U.S. College Meltdown.” At the time, these warnings ran counter to the dominant narrative promoted by university leaders, accreditation agencies, Wall Street analysts, and much of the higher education press. College, readers were assured, remained a sound investment. Institutional risks were described as isolated, manageable, or limited to a small number of poorly run schools.

Nearly nine years later, that confidence has collapsed.

A comprehensive review of publicly available data, investigative journalism, court records, and government reports shows that 17 of the Higher Education Inquirer’s 18 predictions—94.4 percent—have been fully or partially confirmed. What was once framed as speculation now reads as an early diagnosis of a system already in advanced decline.

This article is not a victory lap. It is an accounting—of warnings ignored, of structural failures compounded, and of a higher education system reshaped less by learning than by debt, austerity, and financial engineering.

The Growth of Student Debt

In 2016, total student loan debt stood at approximately $1.4 trillion. By 2025, it had surpassed $1.8 trillion, despite repeated claims that the crisis was stabilizing. Millions of borrowers cycled in and out of forbearance, delinquency, and default, often unaware of the long-term consequences of capitalization, interest accrual, and damaged credit.

Temporary relief programs—pandemic pauses, income-driven repayment plans, and selective forgiveness—offered short-term breathing room while failing to address the underlying cost structure of higher education. Legal challenges and administrative reversals further destabilized borrower expectations, reinforcing the sense that student debt had become a permanent feature of American life rather than a transitional burden.

The Higher Education Inquirer warned in 2016 that student loans would increasingly function as a disciplinary mechanism, constraining career choice, delaying family formation, and suppressing economic mobility. That warning has proven prescient.

Graduate Underemployment and the Erosion of the Degree Premium

Another core prediction concerned the labor market. While headline unemployment numbers often appeared strong, the quality of employment deteriorated. By the early 2020s, a majority of recent four-year college graduates were underemployed—working in jobs that did not require a degree or offered limited advancement.

Wages stagnated even as credential requirements rose. Employers demanded more education for the same roles, while offering less stability in return. The result was a generation of graduates caught between rising expectations and diminishing returns.

This shift exposed a contradiction at the heart of the modern university: institutions continued to market degrees as pathways to prosperity, even as internal data increasingly showed that outcomes varied dramatically by institution, major, race, and class.

Enrollment Decline and the Demographic Cliff

The enrollment downturn predicted in 2016 arrived in waves. First came post–Great Recession skepticism. Then demographic decline reduced the number of traditional college-age students. Finally, the pandemic accelerated distrust, remote learning fatigue, and financial strain.

By the mid-2020s, enrollment losses were no longer cyclical. They were structural.

Colleges responded not by rethinking pricing or mission, but by cutting costs. Programs were eliminated, faculty positions left unfilled, and student services hollowed out. In rural and working-class regions, entire communities lost anchor institutions that had served as employers, cultural centers, and pathways to upward mobility.

Institutional Debt, Financialization, and Risk Shifting

One of the most underreported developments has been the rise of institutional debt. Facing declining tuition revenue, many colleges turned to bond markets to finance operations, capital projects, or refinancing. This strategy delayed collapse but increased long-term vulnerability.

The Higher Education Inquirer warned that debt-financed survival strategies would transfer risk downward—onto students through higher tuition, onto staff through layoffs, and onto local governments when institutions failed. That pattern has repeated itself across the country.

Meanwhile, elite universities with massive endowments continued to expand, insulate themselves from risk, and benefit from tax advantages unavailable to less wealthy institutions.

Closures, Mergers, and Asset Stripping

Since 2016, well over one hundred colleges have closed, merged, or been absorbed. Many closures were preceded by years of warning signs: declining enrollment, deferred maintenance, accreditation scrutiny, and emergency fundraising campaigns.

In some cases, institutions sold land, buildings, or entire campuses to survive. In others, boards pursued mergers that preserved branding while eliminating local governance and jobs.

These were not isolated failures. They were the predictable outcome of a system that prioritized growth, prestige, and financial metrics over resilience and public accountability.

The Limits of Reform and the Failure of Oversight

Perhaps the most sobering confirmation of the 2016 analysis is not any single data point, but the broader failure of reform. Despite abundant evidence of harm, regulatory responses remained fragmented and reactive. Accreditation agencies rarely intervened early. Federal enforcement was inconsistent. Media coverage often framed crises as unfortunate anomalies rather than systemic outcomes.

The Higher Education Inquirer argued in 2016 that the greatest risk was not collapse itself, but normalization—the slow acceptance of dysfunction as inevitable. That normalization is now visible in policy debates that treat mass underemployment, lifelong debt, and institutional instability as the cost of doing business.

A Crisis Foretold

The U.S. college meltdown did not arrive as a single dramatic event. It unfolded slowly, unevenly, and predictably—through spreadsheets, bond prospectuses, enrollment dashboards, and borrower accounts.

The accuracy of these forecasts underscores a deeper truth: the crisis was foreseeable. It was documented. It was warned about. What was missing was the willingness to act.

The Higher Education Inquirer published its predictions in 2016 not to provoke fear, but to provoke accountability. Nine years later, the record is clear. The meltdown was not an accident. It was a choice—made repeatedly, by institutions and policymakers who believed the system could absorb unlimited strain.

It could not.

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Sources
LendingTree; EducationData; Inside Higher Ed; Higher Ed Dive; Forbes; NPR; Brookings Institution; National Bureau of Economic Research (NBER)

The Ludwig Institute for Shared Economic Prosperity: Rethinking—and Challenging—America’s Economic Narrative

In a political moment defined by economic confusion, precarity, and widening inequality, the Ludwig Institute for Shared Economic Prosperity (LISEP) has positioned itself as one of the most forceful critics of how the U.S. government measures economic well-being. Founded in 2019 by Eugene “Gene” Ludwig—banking regulator, financier, and longtime critic of official labor statistics—the institute argues that the traditional indicators used by policymakers, economists, and the media no longer reflect the lived experience of most working and middle-class Americans.

LISEP’s core mission is straightforward: to replace or supplement conventional economic indicators with metrics that measure whether ordinary people can live decent, stable, self-supporting lives. In place of headline unemployment levels that minimize underemployment and wage suppression, LISEP developed the True Rate of Unemployment (TRU). Instead of accepting the Consumer Price Index as an indicator of affordability, it created the True Living Cost (TLC). And to evaluate whether households can achieve a baseline level of dignity, the institute introduced its Minimal Quality of Life Index (MQL).

Taken together, these indicators paint a sobering picture. LISEP’s most recent TRU data suggests that nearly one in four Americans—far more than the official unemployment rate—remains functionally unemployed or trapped in low-wage, unstable work. Its analysis of living costs shows that basic necessities such as housing, childcare, food, healthcare, and digital access are rising at rates that far outpace reported inflation. Its income distribution research finds that the bottom 60% of households fall severely short of the after-tax income required to meet even minimal quality-of-life thresholds.

In a time when both parties often claim economic success—pointing to record stock markets, low headline unemployment, and steady GDP growth—LISEP argues that these triumphal narratives obscure the steady erosion of working-class security.

But LISEP’s work does more than diagnose hardship; it challenges the legitimacy of the economic story that the United States tells about itself. That is precisely why its metrics have garnered attention—and controversy.
Methodological Innovations and the Pushback They Attract

Economists, policymakers, labor advocates, and academics have responded to LISEP’s work with a mixture of praise and skepticism. Some see LISEP as filling a critical gap—offering metrics that better capture the realities of gig workers, part-time workers, workers with unpredictable hours, and families priced out of life’s essentials. Others argue that LISEP’s approach risks injecting subjectivity into economic measurement and complicating long-established statistical frameworks.

One major point of debate centers on LISEP’s definition of unemployment. Traditional unemployment statistics only count individuals actively seeking work. LISEP’s TRU metric, by contrast, includes the underemployed, part-time workers who want full-time jobs, and discouraged workers who have given up looking. Critics argue that combining these groups creates a metric that resembles a policy argument more than a neutral measurement. Supporters counter that ignoring these groups produces an artificially rosy portrait of economic health and undervalues persistent structural inequality.

LISEP’s True Living Cost and Minimal Quality of Life indices face a different critique: they define “necessities” more broadly than some economists are comfortable with. Including internet access, basic technology, early childhood education, and modern transportation standards is, according to LISEP, essential to functioning in the 21st-century economy. Critics contend that because these standards go beyond subsistence, the metrics risk shifting from measuring need to measuring aspiration. The institute responds that “subsistence” is not an acceptable measure of human dignity in a wealthy nation.

Other scholars raise questions about transparency. While LISEP publishes summaries and explanations of its methodologies, some economists argue that its approaches would require broader independent replication and peer review to become standard tools. Yet others note that the Bureau of Labor Statistics itself has long used imperfect methods that were never designed to measure well-being—only labor market participation.

Where supporters and skeptics agree is on one point: LISEP has forced a deeply needed conversation about what economic dignity means in the United States today.
Why LISEP Matters for Higher Education and Public Policy

For institutions of higher learning—especially those that produce the economists, policymakers, and journalists who shape public discourse—LISEP’s challenge to economic orthodoxy is a call to scrutiny and humility. Universities continue to rely on traditional metrics in research, teaching, and policy labs, even when these metrics fail to capture the economic and social pressures facing students and their families.

Students at community colleges, regional publics, and underfunded institutions live the realities LISEP describes: multiple jobs, unpredictable hours, rising food and housing insecurity, and persistent underemployment after graduation. Yet their struggles are too often minimized by conventional indicators that suggest a thriving labor market.

If academia takes LISEP’s work seriously, it could shift research priorities, reshape debates on student debt, influence regional economic development strategies, guide labor-market forecasting, and elevate the experiences of the most economically vulnerable students.

For policymakers, LISEP’s metrics offer a different foundation for assessing whether economic growth is reaching ordinary people. They provide tools for evaluating whether wages are livable, whether childcare is accessible, whether housing is affordable, and whether the economy produces stable, family-supporting jobs. If adopted or even partially embraced, LISEP’s indicators could inform legislation on minimum wage, labor protections, social services, tax reform, cost-of-living adjustments, and more.

The institute’s broader message is simple: the United States cannot address inequality if it continues to celebrate misleading statistics.
A New Economic Narrative

Whether LISEP becomes a permanent influence or a dissenting voice will depend on how policymakers, journalists, and academic economists respond. If its metrics remain on the margins, they will serve as a moral indictment of traditional measures that ignore the reality of economic insecurity. If they are adopted, they could trigger a profound reevaluation of American economic policy—one grounded not in aggregate success but in shared prosperity.

LISEP insists that a healthy economy is not one that grows on paper but one that allows ordinary people to live decently. That premise alone places the institute on the front lines of the battle over how the United States understands its own economic health.
Sources



Ludwig Institute for Shared Economic Prosperity, “True Rate of Unemployment (TRU),” 2025, lisep.org.
Ludwig Institute for Shared Economic Prosperity, “True Living Cost (TLC),” 2025, lisep.org.
Ludwig Institute for Shared Economic Prosperity, “Shared Economic Prosperity (SEP) Measure,” 2025, lisep.org.
PR Newswire, “Majority of Americans Can’t Achieve a Minimal Quality of Life, According to New Ludwig Institute Research,” May 12, 2025.
Ludwig Institute for Shared Economic Prosperity, “Wage Inequality Grows With Low-Income Workers Losing Ground,” Press Release, April 16, 2025.

The Working-Class Recession: How the Educated Underclass is Already in Crisis

For millions of Americans with college degrees, the headlines about a “possible recession” feel like a cruel joke. While official statistics lag, the lived reality for the educated underclass—those with bachelor’s or advanced degrees who are struggling to maintain stability—is nothing short of an economic depression. Rising costs of living, stagnating wages, and dwindling job security have already reshaped daily life, and many are barely hanging on.

Unemployment figures tell only part of the story. College graduates now make up a record 25% of the unemployed, with white-collar layoffs in tech, finance, and even healthcare rising. Those who are employed are often underemployed, working multiple part-time jobs or in positions that barely require a degree. The promise that a college credential ensures upward mobility is eroding rapidly, leaving a generation of highly educated Americans questioning the value of the very investment that was supposed to secure their future.

Housing costs are skyrocketing, especially in urban centers where jobs are concentrated. Even modest apartments demand incomes far above what many professional graduates earn. Student loan debt compounds the pressure, forcing difficult trade-offs between basic living expenses and debt repayment. For many, “making it” now means moving back in with parents or sharing crowded apartments with friends—situations reminiscent of a pre-adult adolescence prolonged indefinitely.

Meanwhile, inflation eats away at savings. Food prices, healthcare, and transportation costs continue to climb, leaving little room for discretionary spending or emergency funds. The safety net that the previous generation relied on—a stable job, homeownership, a modest retirement plan—is increasingly inaccessible. For the educated underclass, financial precarity has become normalized, even invisible to those who still enjoy some buffer in the broader economy.

The psychological toll is real. Anxiety, depression, and burnout are rampant among highly educated professionals facing underemployment or precarious work conditions. The “American Dream” has shifted from upward mobility to merely surviving, with little room for long-term planning or security.

Policymakers continue to debate whether a recession is coming, but for many, the recession has already arrived. It’s not marked by dramatic market crashes or bold headlines—it is quiet, slow, and insidious, felt in empty savings accounts, missed rent payments, and jobs that fail to match education and ambition. Recognizing this reality is the first step toward meaningful change. Until then, the educated underclass is living through an economic depression, one degree at a time.

College Mania: The Spell is (Almost) Broken, But Hyper-Credentialism Remains

For decades, America was gripped by college mania, a culturally and structurally manufactured frenzy that elevated higher education to near-mythical importance. Students, families, and society were swept up in the belief that a college degree guaranteed status, financial security, and social validation. This was no mere aspiration; it was a fevered obsession, fueled by marketing, rankings, policy incentives, and social pressure. Today, the spell is breaking, but the demand for credentials persists.

Historically, the term “college mania” dates to the 19th century, when historian Frederick Rudolph used it to describe the fervent founding of colleges in the United States, driven by religious zeal and civic ambition. Over time, the mania evolved. Postwar expansion of higher education through the GI Bill normalized college attendance as a societal expectation. Rankings, elite admissions, and media coverage transformed selective schools into symbols of prestige. By the early 2000s, for-profit colleges exploited the frenzy, aggressively marketing to students while federal and state policy incentivized enrollment growth over meaningful outcomes.

The early 2010s revealed the fragility of this system in what I have described as the College Meltdown: structural dysfunction, declining returns on investment, predatory practices, and neoliberal policy failures exposed the weaknesses behind the hype. At its height, college mania spun students and families into a cycle of aspiration, anxiety, and debt.

Now, even students at the most elite institutions are disengaging. Many do not attend classes, treating lectures as optional, prioritizing networking, internships, or social signaling over actual learning. This demonstrates that the spell of college mania is unraveling: prestige alone no longer guarantees engagement or meaningful educational outcomes. Families are questioning the value of expensive degrees, underemployment is rising, and alternative pathways, including vocational training, apprenticeships, and nontraditional credentials, are gaining recognition.

Yet the paradox remains: for many jobs, credentials are still required. Nursing, engineering, teaching, accounting, and countless professional roles cannot be accessed without degrees. The waning mania does not erase the need for qualifications; it simply exposes how much of the cultural obsession — the anxiety, overpaying, and overworking — was socially manufactured rather than inherently necessary for employment. Students are now forced to navigate this tension: pursuing credentials while seeking value, purpose, and meaningful learning beyond the symbol of the degree itself.

The breaking of the spell is not unique to higher education. History demonstrates that manias — economic, social, or cultural — rise and fall. College mania, once fueled by collective belief and systemic reinforcement, is now unraveling under the weight of its contradictions. Institutions must adapt by emphasizing authentic education rather than prestige, while policymakers can prioritize affordability, accountability, and outcomes. Students, in turn, may pursue paths aligned with practical skills, personal growth, and career readiness rather than chasing symbolic credentials alone.

The era of college mania may be ending, but with the spell broken comes an opportunity. Higher education can be reimagined as a system that serves public good, intellectual development, and genuine opportunity, balancing the need for credentials with the pursuit of meaningful education.

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Sources:

Frederick Rudolph, The American College and University: A History (1962).
Frank Bruni, Where You Go Is Not Who You’ll Be: An Antidote to the College Admissions Mania (2015).
Dahn Shaulis, Higher Education Inquirer, “College Meltdown and the Manufactured Frenzy” (2011–2025).
Stanford Law Review, Private Universities in the Public Interest (2025).
Higher Education Handbook of Theory & Research, Volume 29 (2024).
Recent reporting on student engagement, class attendance, and labor-market requirements for degrees, 2023–2025.