Higher Education Bubble Will Burst
Are we stuck in a higher-ed bubble?
Some college insiders are offering persuasive arguments that we are.
Reminiscent of the recent stock market and real estate bubbles, escalating college prices are continuing to reach new heights. According to the National Center for Public Policy and Higher Education, average tuition in the past 2 ½ decades has risen by 440 percent, which is more than four times the rate of inflation.
While higher-ed costs remain untethered to economic realities, students with college loans to pay off continue to graduate into abysmal job markets.
Under the circumstances, it's easy to make the case that something has to give.
Here are some of the reasons why higher-ed critics think that colleges and universities will soon be struggling with the type of threats that the steel, car, music, and publishing industries—to name a few—have faced.
1. High prices do not mean high quality. The higher-ed world was rocked earlier this year
