After 114 years, Sweet Briar College revealed this week that it would close after the spring 2015 semester, an abrupt announcement that shocked students, alumni, and many people active in higher education.
One person not surprised by Sweet Briar’s news was Mark Cuban, the entrepreneur and billionaire investor. For years, Cuban has been warning of a “student loan bubble,” which he says will soon burst and leave many schools suffering.
On Tuesday, after Sweet Briar made its announcement, Cuban tweeted “This is just the beginning of the college implosion.”
“As this little college saw, there will be other students that get their heart set on one college, and it won’t be there when they graduate,” Cuban said in an interview with Business Insider.
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