Maybe I'm not up to date on trading fads, but as far as I'm aware, the "packaging and securitization of tuition" is an exception rather than the norm. At most,

Maybe I'm not up to date on trading fads, but as far as I'm aware, the "packaging and securitization of tuition" is an exception rather than the norm. At most, it creates a theoretical potential for a speculative market and thus a bubble. But there's still a fundamental difference: a degree cannot be sold, and acquiring one is a multi-year undertaking, which puts a tight limit on the number of degrees on person can hold. Even the securitized aspect of the housing bubble depended very much on the inflated resale price of the underlying asset to yield ROI fairy tales. With tuition, there is no resale price, and basing valuation on the cost would be absurd. The only sensible base is the income gap - and for that to be driven up by speculation would require a rather different world from ours, where companies buy and sell ivy leage graduates at inflated wages and with inflated severance payments to the previous employer. Oh yes, there is a market that works like that. Only, it's not in college graduates but in professional soccer players.