The Future of College is Local
It's part of the romance of the college: The learner leaves home to join a community of fellow learners, to begin a new stage of life. The imaginary is integral to middle-class life, shaping lifecycles of parents as much as it does for the learner. It is the staple of the popular culture, all those college romance stories, movies and TV series. These expectations also shape how colleges operate, as they battle to restrict tenure but upgrade student accommodation at the same time. In fact, the most profitable part of the whole real estate market is student accommodation, offering better yields than any other segment. But it's also the part which makes the least sense when Higher Education is so expensive. Surely, the romantic notions of college life as a calm commitment to learning are just romantic notions. Envisioning this as a prolonged coming of age party is closer to the truth, at least in most cases. Costs of living outside the home are at least as significant as the...