Posted on December 14, 2017 by Steven Hayward in Higher education
Is The Higher Ed Bubble Starting to Pop?
Talk of the “higher education bubble†has been around for a while, but two news items today make me think it is starting to pop—and remember, bubbles usually don’t pop instantaneously. The housing crash of 2008 was signaled by visibly deteriorating conditions in the summer of 2007. Likewise, the higher ed bubble is going to resemble the old line about how some rich person went bankrupt—first slowly, then all at once.
Item 1, from the Wall Street Journal:
Nearly 5 Million Americans in Default on Student Loans: Number surges in recent years despite strengthening economy
http://www.powerlineblog.com/archives/2017/12/is-the-higher-ed-bubble-starting-to-pop.php
