HIGHER EDUCATION BUBBLE UPDATE, LIQUIDATION EDITION: Sweet Briar College to Close; Who Gets the $80 Million Endowment? “Because most colleges that close have run out of all of their cash, there is no endowment to divide up. But within hours of Sweet Briar’s announcement Tuesday, alumnae and higher education observers started posting comments to social media asking who would get the leftover funds.”

Related: Mark Cuban: This Is Just The Start Of The College Implosion. “A few years ago, Cuban bought the domain ‘collegedebt.com,’ which publishes a live update of how much college loan debt is held by students. The current total is just over $1.3 trillion.”

All is proceeding as I have foreseen.