So I thought Mr. Carey's testimony was pretty stark when he talked about the mismatch between supply and demand, how the Demand for colleges increased 111% but the supply has only increased about 14%. And his theory, his explanation was the fact that the accreditation agencies really are a barrier to entry for additional entrants. In other words, increasing supply, increasing innovation. (26:14–26:20)
CLAIM
Asserts a significant mismatch between the increase in demand for college education and the supply of institutions.
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