The cost for higher education that steadily climbs faster than the inflation rate will need to stop when it equals to its time-discounted marginal benefits. (Gi

The cost for higher education that steadily climbs faster than the inflation rate will need to stop when it equals to its time-discounted marginal benefits. (Given its many alternatives--both for learning and socializing--the marginal benefits of higher education do not seem to increase nearly as fast.) If the cost goes higher than that, the bubble will indeed burst--sooner or later.