In 2017, the Wall Street Journal warned: “Many Colleges Fail in Teaching How to Think.” Eight years later, was it prophecy? Alumni giving is down. Public confidence has collapsed. Colleges are closing almost weekly. Donors now ask: Am I funding thinkers—or just diplomas? Real education, or expensive amenities? If students leave no better at reasoning than when they arrived, why should anyone keep writing checks? The warning was clear. The collapse was inevitable.