Will Colleges go the way of Newspapers? asks my colleague Tony Phyrillas based on a think tank piece on education.

The answer is no. Public universities receive copius amounts of public funding. Newspapers don't. Some private universities have huge endowments. Newspapers don't.

And the social cache of attaining a college diploma, however idiotic, still remains high. Admitting you get your news from reading the paper, stigmatizes you as old fashioned.

One day the market will catch on to the lack of preparedness for useful work most university educations provide, but not soon. Until then young people and their families will pay tens of thousands of dollar for four-year degrees that are hardly worth the paper they're printed on.