The NYU professor who predicted WeWork's failed IPO says college is about to change forever — and expensive schools could close for good
Now, he thinks higher education is about to be shaken up like never before. , Galloway said the second-most-disreputable industry, after healthcare right now is education. He expects the top institutions to see a "dip" and come back stronger, but says many second-tier universities may never reopen.
In some ways, the colleges have already seen significant change. The coronavirus pandemic has forced colleges and universities across the nation to go fully remote, taking lectures and labs online in the form of video chats and shared online documents. And many students aren't happy. Some have "But here's the thing, the jig is up. People are recognizing that a bunch of Zoom classes without the campus experience is not worth $18,000, much less $58,000 or $68,000," he added.
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