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Haven't seen a lot of discussion of what a bursting "education bubble" will mean. Anybody have some good links that talk about what will happen? Will universi
by awt 16y ago
Haven't seen a lot of discussion of what a bursting "education bubble" will mean. Anybody have some good links that talk about what will happen? Will universities go out of business? Will people stop going to college? The implications are not clear to me.
- sliverstorm 16y agoI don't think anyone has actually figured that out, they just enjoy preaching about the coming Apocalypse.
- deleted 16y ago[deleted]
- flipbrad 16y agolittle people will get hurt. Apollo Global and co will haemorrage hard, and both it and its backers (like the Carlyle Group) will just continue to turn to other countries they can lobby to set up the same system they have in the US: privatised education where their clients are (as far as they're concerned) paid for by loans (in the US, we're talking federal Title 4 loans, but it could be bank loans as well - clearly hugely subprime) at zero risk to themselves.
- artsrc 16y agoPerhaps graduates with PHD's will struggle to get university teaching jobs which pay $8.50 and hour, and never have much of a hope at the good tenured professors jobs. Or perhaps graduates won't get jobs at all and the tax payers or parents will be on the hook for the student loans.
- awt 16y agoWell I think that's already the case, and yet the system continues...