Hi, post author here. A couple notes: 1. It seems that the comments are focusing on the value as related to the student-- that's certainly one part of the equa

Hi, post author here. A couple notes: 1. It seems that the comments are focusing on the value as related to the student-- that's certainly one part of the equation, but don't forget that there is value for the financing companies that give easy credit access to students, and I feel that is where the excess demand is coming from. 2. This is a very volatile argument, especially in educated circles because people take it personally. Whenever I have this discussion it seems to boil down to anecdotes and how my degree is of value. That's something to avoid. 3. This is part one in a series and I'm currently working on the data to test the hypothesis. I will be looking at per-major opportunity cost, total amount financed versus {cost, time} and a couple others. 4. Just because I'm calling it a Bubble does not mean I'm calling a top in either tuition rates or financing. As the recession begins to hit states harder, more budget cuts will trickle into state public education and revenue gaps will need to be filled somehow. IDK if it's through fed stimulus or spending cuts, but it possibly could lead to an increase in tuition rates as financing is still available and the students won't recognize the true monthly cost until after graduation.