Comments on: Is Higher Education the Next Bubble to Burst?

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By: Why Higher Education is the Next Bubble : AnnMaria’s Blog

Why Higher Education is the Next Bubble : AnnMaria’s Blog — Mon, 31 Jan 2011 05:33:29 +0000

[...] Naked Law site (which is law for non-lawyers, not law by naked lawyers, sorry to disappoint) to the Washington Independent has made these same connections. Perhaps this proves that you don’t need to be a statistician [...]

By: sleeprunner

sleeprunner — Tue, 18 May 2010 05:25:12 +0000

Tuition fees do need some reassessing, at least for certain courses and if their output is relevant enough etc. A lot of people opt to get a temporary fake college degree even if they are talented because fees are so high though.

By: C Davis

C Davis — Fri, 05 Jun 2009 04:26:24 +0000

I wrote an entire book, _Beating the College Bubble_, about this topic in the hope of helping others work through the problem.

Check it out. I'm giving away an electronic copy for free.

http://www.edububble.com

By: C Davis

C Davis — Thu, 04 Jun 2009 21:26:24 +0000

By: Rob Moore

Rob Moore — Tue, 02 Jun 2009 12:44:00 +0000

Calling this a "bubble" is a disservice to higher education. The original post focuses only one one type of institution (private elites) and ignores the fact that the national tuition discount rate averages nearly 35% according to NACUBO. A lifetime-earnings ratio of 1/75/1 for baccalaureate-degree holders compared to folks whose formal education stopped at high school is another fact the bubble argument ignores. There remain a great many strategies (including community college, regional public universities, etc) through which people can get an affordable and effective college education. A bubble is based on false premises; a college degree is still the best economic bet a family can make. For a broader post and links, see www.lipmanhearnecommons.com.

By: Chuck

Chuck — Sun, 31 May 2009 18:15:46 +0000

Martin

Your post chilled me to the bone, as that is the situation I find myself in; a debt that will last thirty years, and I’m 54 now. I’ll be eighty – four, if I live, when the debt is paid in full. Many Americans are trapped in what I call ‘perpetual debt’, a financial concept unthinkable thirty years ago, now it is the norm. I’ve seen blogs of degreed indebted thirty – somethings, who are carrying debt that will easily see them into their sixties. They’re either seeing the salaries of their chosen fields hardly keeping up with the cost of living, let alone providing extra money to pay on the debt comfortably (and if credit card debt is added to this, the financial situation becomes purgatory), or they can’t find work in their field and must take less just to survive. They, my self included, feel that the so – called American Dream has vanished, replaced with a treadmill.

The irony for me is that I work at a University as a librarian and I’m paid a pittance. I personally know students who are concerned about future college debt after graduation. One girl, graduating with a BA in Education after seven years, is staring down the barrel of $75,000.00. If she decides to stay in Louisiana she’ll carry that financial burden for years.

There was a time when college was the ticket to a higher standard of living, though there was never any guarantee of this, a number of generations prospered with their degrees, without the indebtedness of today. Now a college education is a mere roll of the dice, promising nothing, or worse. I agree, vocational school is the better and more effective route to take. The cost is reduced and if you choose a trade in great demand, you could make a decent living without a financial millstone around your income.

By: charlie

charlie — Sun, 31 May 2009 13:33:25 +0000

Has anyone looked into the relationship between the demand for college (number of college age individuals) and supply of college (number of classrooms) over time? My hypothesis is that the former has grown more rapidly than the latter, and this in turn has allowed colleges to increase costs without decreasing demand and revenue.

By: oscar

oscar — Sun, 31 May 2009 01:10:43 +0000

We should look into why the heck college is costing so much. Where is the money going?
Sounds like big time fleecing to me, perhaps with some collusion thrown in.

By: The Crossed Pond » The Higher Ed Bubble

The Crossed Pond » The Higher Ed Bubble — Sat, 30 May 2009 22:45:27 +0000

[...] that luxury, but it will be interesting to see how that looks in three to five years time. A lot of very smart education-watchers are openly asking the question if, by the time other markets are finally starting to rebound, [...]