Harvard University has announced a 5.14% decline in applications, following a tumultuous year with scrutiny over its admissions policies. The school's response to antisemitism and a tuition increase to $82,866 raised concerns about affordability. The declining applications could reflect Gen Z's changing sentiments about higher education, with a Business Insider poll revealing that 46% don't think college is worth the cost. Additionally, ongoing challenges, including political discourse on campuses and FAFSA application issues, are impacting higher education. These factors raise concerns about the value of a Harvard education and higher education in general.