Once COVID happened, a lot of universities went out and said,

hey, we're going to give you a discount.

We'll take 10% off the price, right?

And students start to scream and yell,

like, you know, Zoom University or is not what I'm paying for.

I'm not paying for what you think I'm paying for.

I'm paying for all that other stuff.

I'm paying for the lazy river.

I'm paying for the fraternity parties.

I'm paying for model United Nations. I'm paying for football games on Sunday. I'm paying for model United Nations. I'm paying for

football games on Sunday. I'm paying for socialization. And it laid bare this

kind of fundamental disconnect between what universities thought they were

delivering on one hand and what consumers thought they were buying on the other. what 19's lasting impact on the economy, culture, and geopolitics. I'm Dan Senor.

When we think about industries that immediately got hardest hit during the

pandemic, the images that come to mind include restaurants, travel, theater,

sports, and higher education.

In the U.S. alone, post-secondary education

is almost a three-quarter of a trillion dollar sector.

The price of college has been skyrocketing over the past few decades,

escalating far higher and far faster than the rate of inflation.

According to one study, the cost of tuition at many schools is up by well over a thousand percent

in less than half a century.

...