Well, not everyone, but I agree with your central point. An "asset bubble" has certain characteristics, none of which is really present for higher education --

Well, not everyone, but I agree with your central point. An "asset bubble" has certain characteristics, none of which is really present for higher education -- mostly, it's not an asset in any usual sense because I can't flog off my B.Sc. to some eighteen-year-old for a hundred grand. Asset bubbles are marked by prices being driven up by speculation followed by a crash... since there's no speculation there's no bubble. Now, if instead of asking "is there a higher education bubble" you want to ask the question "Is higher education overpriced" then you might be onto something. It's better to ask a more specific question though, since prices of degrees from different universities vary from nothing to craploads. It's like asking "Are cars overpriced?" without distinguishing between Bugattis and Kias. Certainly at the high end of the market you're likely to find some overpricing, because that's what always happens at the high end of the market. A Bugatti really doesn't have many practical advantages over a Kia for the average commuter. So, in conclusion, some people are paying too much for their university degrees and getting lousy value for money, while others are getting the deal of a lifetime. All I can say is do some research, choose wisely, and don't get blinded by the prestige of a big name if you can't afford it.