I think the article doesn't really take into account that the student body also affects the return one might get from higher ed. This is argued here: http://new

I think the article doesn't really take into account that the student body also affects the return one might get from higher ed. This is argued here: http://news.ycombinator.com/item?id=448588 http://news.ycombinator.com/item?id=448588. It is more likely that higher ed is not going to burst like a bubble. Instead, demand for it will scale back down gradually to a point where the return those who get a higher education is worth the price tags. For it to be like a bubble something like a phase-transition in the way a college education is perceived would be necessary. However, it seems more likely that this perception is bound to change slowly and gradually instead.