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This community college surge is what might pop the higher education bubble. Let me explain, first I don't think pop is the right word, stock bubbles pop, real-
by bh23ha 17y ago
This community college surge is what might pop the higher education bubble.
Let me explain, first I don't think pop is the right word, stock bubbles pop, real-estate bubbles deflate much more slowly and this will take a looooong time.
Also, I do not believe there is a higher education bubble in the "you don't need college" sense. I believe there is a bubble in how much many colleges are charging for a 4 year degree.
And I think that as lower tier schools gain respectability, this will create downward price pressure.
Obviously some places will remain ridiculously expensive and exclusive, because that is the very point of their existence. But hopefully future generations will be able to get a respectable degree without having to literally mortgage their future.