Most people have seen Megan's piece, Sheltered Students Go to College, Avoid Education.
I believe (or hope) it greatly overstates the matter. There are still plenty of serious, curious and highly-capable higher ed students out there, but they are diluted by the masses of people looking for a diploma only plus a few years of extended adolescence. Credentialists, partiers, and cheaters.
Furthermore, I believe that the academic fascism which seems so much in vogue right now has zero to do with genuine hypersensitivity. It is pure, calculated, activist bullying. Scalp-hunting. Why college admins tolerate it for one second is beyond me. They are supposed to be the strong adults in the room. In fact, by my era's standards, the students were supposed to be adults too.