It's not going to be a good thing in the short, medium or long term.

Yes - some post-secondary schools are bloated. Certainly administrators have taken far too much of the pie. Absolutely, reform was needed.

Killing half of America's post-secondary schools is not reform. It's like fixing a head cold with a guillotine - or more accurately, it's like losing weight by lopping off your limbs.

Many good schools will go under. Many terrible schools will survive.

Millions will be thrown out of work. Many of them have no other skills except academia. This was a good thing, not a bad one. One of the signs of an actual society is that it can support people doing obscure things like studying insects or Latin.

There will be tremendous suffering. And the result will not be a shipshape, efficient system, but a profoundly broken one.