Hampshire College's closure is the latest sign of a death spiral in American higher education. This episode was produced by Dustin DeSoto, edited by Avishay Artsy, fact checked by Gabriel Dunatov, engineered by David Tatasciore, and hosted by Sean Rameswaram. The campus of Hampshire College in Amherst, Mass. AP Photos/Leah Willingham. Listen to Today, Explained ad-free by becoming a Vox Member: vox.com/members. New Vox members get $20 off their membership right now. Transcript at ⁠vox.com/today-explained-podcast.⁠ Learn more about your ad choices. Visit podcastchoices.com/adchoices