I'm inclined to think this bubble will be limited to expensive private colleges that lack significant clout. State schools and community colleges will remain a

I'm inclined to think this bubble will be limited to expensive private colleges that lack significant clout. State schools and community colleges will remain attractive options for students due to cost factors, and private universities with excellent reputations will continue to attract bright students. But any school that isn't affordable or famous will may see a decline in applications when this bubble bursts.