I read an anecdote on Twitter a couple weeks ago:

It’s only an 11% retention rate, but my guess is those four guys feel pretty accomplished.

For a lot of universities, if you’re not retaining at least 80% of your students lawmakers are banging down your door with questions. But what does that 80% mean? Does it mean anything? It used to be that you had to be smart to get a bachelor’s degree; now it’s as if any dummy can get a PhD as long as he can pay for it.

It feels like we’ve reached and passed peak college-going, and thank goodness.