This is what commoditization looks like.The first paragraph of this news story sums the whole thing up pretty well:
AMHERST — In a sign of New England’s swiftly evolving higher education landscape, Hampshire College on Tuesday announced its desire to merge with another educational institution, citing financial strain that threatens its future. The school is also evaluating whether to admit a freshman class for the fall.
This isn’t just New England’s swiftly evolving higher education landscape. This is what the middle of every market eventually looks like, as simultaneous races to the bottom and top turn the middle into a wasteland.-P