alt Hacker NewsHaving personally run a college P&L, this dodges the bigger sunk costs of higher education: 1. Old and expensive to maintain land 2. High cost of living for all staff (weighted heaviest towards faculty) 3. Ancillaries that are revenue negative, _very_ expensive, and inconsequential to the purpose of the education (eg. the lacrosse team and the Polo Club)
It's nice to point fingers at the people who are taking very heavy paycuts to remain in academia, but the result of that finger pointing is devaluing education
The right approach - in my eyes - is to share the land Harvard, Stanford, et. al. sit on with 10x the number of students. This simultaneously increases efficiency of the entire P&L while providing a higher quality of education to everyone
As we've seen with the UC system (and the excellence of IITs + Chinese research universities), high density education can be synonymous with top tier research outcomes - Ivory Towers are not needed
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I got curious, and looked up the Harvard Polo Club. Apparently it naturally faded away as polo declined in popularity, but then was revived in 2006.
I understand that, if you have a current and active polo club running, then you either have to keep it going or run the risk of pissing people off.
But, if I can ask you to speculate, why might Harvard have revived its club in 2006?
How old is typical university land, compared to the average age of land in the same city?
Am I misunderstanding your post?: you're implying that HYPSM increase their matriculation by ten times? These "elite" colleges,—one of which I've attended for graduate school,—have serious issues already with becoming degree mills; degrees have depreciated enormously in value over the last several decades: consider the collapse in being able to find a tenure track research position, even from one of these colleges. If we wanted elite colleges to provide the benefits that they are supposed to; then we would, if anything, want to reduce matriculation.
Stanford,—and I would hazard a guess many other HYPSM schools,—are already minting out too many students; this is especially true when it comes to non-PHD masters degrees, which are essentially an unbecoming cash cow for departments. Actual "quality of education" mostly comes from a low staff/student ratio and direct access of students to elite researchers: this difference in education mostly takes the form of better research labs to work in, with some spillover into office hours; increasing matriculation would only lead to more auditorium-sized classes that are run by lecturers or postdocs—these classes are essentially at the same level as trudging through online material.
Your proposed "solution" would have a Procrustean effect: I can't speak for Chinese or Indian universities, but while schools like UC Berkeley, UT Austin, University of Michigan, et seq... have good reputations, they have a noticeably lower reputation than the ivy leagues and certain private colleges like Stanford, MIT, and Caltech—and a worse reputation for being degree mills.
If you think that Stanford having 180,000 students matriculated will give everyone a quality education, then I think that you fundamentally misunderstand the markers that make an in-person education higher quality. The only benefit that would come of it would be popping the degree bubble and prematurely ending the current moribund trajectory that universities are on; where they are already treating degrees as if they were artificial-scarcity NFTs, rather than providing the actual scarcity that is access to,—and direct training from,—high-level researchers.