A troubling shift in higher education has led to a wealth transfer of $1.5 trillion from lower and middle-income families to elite institutions, driven by escalating administrative costs and a rejectionist culture among top universities. As technology has improved efficiency in most industries, the education sector lags behind, burdened by a growing number of underperforming administrative roles. This results in a system that prioritizes institutional growth over student outcomes, leaving many talented individuals with mediocre educational experiences.
