The Harvard degree has lost its luster. The crown jewel of the Ivy League announced this week that undergraduate applications shrunk by 5% this year — while other selective elite schools soared to record highs. (Dartmouth, Columbia, MIT and the University of Pennsylvania all saw spikes.) Despite a long-held reputation as the most prestigious university in the world, the news comes as no surprise after a devastating year of PR nightmares that exposed rot from within. Since the October 7 Hamas attacks on Israel, the Cambridge, Massachusetts, campus has erupted with antisemitism: swastikas on campus, chants of “Intifada” from student...