Its going to be a really rough bubble. There's no one source to point the finger at, but we've got ourselves in a spiral where: -More people are going to schoo

Its going to be a really rough bubble. There's no one source to point the finger at, but we've got ourselves in a spiral where: -More people are going to school -University costs have skyrocketed (mostly due to expanded administration services), which has increased the need for students to secure loans -Wage growth has been low/flat for a long time -A college degree has replaced a high school diploma/GED as a minimum requirement for most middle class jobs -New grads are coming out of school to lower paying jobs relative to the cost of their education than ever before, driving defaults. -As college matriculation becomes more and more necessary, even great high schools pivot towards a goal of getting students into college, instead of providing them great educations which have a secondary effect of getting them into college. Further decreasing the value of high school as someone's highest degree of education. The last one is very worrisome for me, and something I hear a lot about. I have family and friends who are college professors - even those at ivy league universities are saying their students are just as smart as before, but on average now they're not as generally educated and way less prepared for serious academic work. They can't handle the same work loads, don't write or research as well, require more oversight/direction - things like that. How do you fix that without blowing everything up and probably destroying the lives for a huge group of people who's only crime was being born in a certain set of years? Not to mention the economic implications of an entire generation going into middle age already carrying massive debt - how are they going to generate asset wealth?