It's difficult to really pinpoint what is happening, but I have a theory that the barriers to learning are opening.
It used to be that you almost had to attend a university to get an education, because they held the information. Now, self education is so much easier because there is almost free access to information.
Plus, I think certain careers are changing so quickly, that colleges can't keep curriculum current enough.
The challenges are never ending, and if they keep driving up the costs, they will keep driving away applicants.
It's just not sustainable for the average family to send kids to college.
All this and I am married to a Harvard guy.