Does America Have Too Many Colleges and Universities?

From Harvard University to California’s 3 million-student community college
network, the American system of higher education is in turmoil. The economic
crash is upending each step in the equation that families use to determine where
students will spend four of their most formative -- and expensive -- years.
Today is the deadline that most schools set to receive a decision from accepted
applicants.

Independent colleges that lack a national name or must-have majors are
hardest hit. Many gorged on debt for construction, technology and creature
comforts. Now, as endowments tumble and bills mount, they’re struggling to
attract cash-strapped families who are navigating their own financial woes.

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