In this audio interview with librarian Carmen Hendershott, Associate Director of Graduate Admission Henry Watkin describes his career in both academia and business following his PhD in history from Columbia University. Watkin discusses his role as a liaison, beginning in 1998, for a German-American student exchange program, comments upon the change in admissions reporting structure, and discusses the demographics of New School for Social Research students. Watkin emphasizes the challenges stemming from the enormous increase in the expense of a graduate education, noting that combined with an economic recession, New School for Social Research enrollment is the lowest he has ever seen it. He relates this to broader societal trends that he describes as an “education bubble” resulting from unemployment, mismatched salaries, and student debt. Interview takes place in Watkin's office at The New School.