Higher Education bubble

Discussion in 'Economics' started by ralph00, Dec 3, 2008.

  1. http://www.nytimes.com/2008/12/03/education/03college.html?hp

    Money quote:

    Over all, the report found, published college tuition and fees increased 439 percent from 1982 to 2007, adjusted for inflation, while median family income rose 147 percent. Student borrowing has more than doubled in the last decade

    Just like the ease of credit inflated housing prices beyond any acceptable ratio of price/income, so to has the ease of credit inflated college tuition prices.

    Naturally, colleges and universities across the land have allowed their budgets to expand to meet these bubble-like revenues. Many will be in trouble.

    Here's hoping for college education to return to what it used to and ought to be: a place for those w/above average inteligence and motivation to continue their studies.
  2. You know, I have noticed this also. Pick up a copy of Help Wanted publications and count how many "Career Education" ads there are. It's absurd.
  3. Funny thing is you can go somewhere like the philippines and get the exact same education for about 7k.

    96% of all employers do not care where you went to college. Its only 4% that care if you have a name brand ivy league education.
  4. MBA bubble

    Thank god i enrolled in an accounting masters program instead.

    And even that is still 20k + living expenses for 1 year of extra grad schooling. Such a sham but what other choices do we have.

    A bachelors degree is the new high school diploma.

    College should be much much more stimulating. I would equate it to not being much harder than high school. Any retard can get a B.A.

  5. Well said!

    I sometimes laugh at these clowns who get out of college with liberal arts degrees owing 150K+ in student loans. Now, don't get me wrong, some degrees are worth paying top dollars, but the majority of them aren’t.
  6. and the kids get shut out of many jobs by foreigners with cheap or fake degrees