[nradov]

In an era of declining birth rates and thus fewer students graduating from high school, of course the third-tier private colleges are going to lower their admission standards in order to survive. In the long run this won't work because employers will eventually figure out that degrees from those colleges are worthless. But they'll keep up their grifting for a while, and leave a lot of mediocre students stuck with huge debts they can't pay off.

[QuarterReptile]

For a long time, college education was the easiest way to legally discriminate against applicants. The signal is weakening and the expense of exhibiting the signal has skyrocketed.