The Higher Education Bubble Pt. 2

Even as the cost of tuition increased, the value of university went unquestioned. Colleges bundled education and signaling. Students who thrived in boring classes signaled traits to employers, like conscientiousness, intelligence and conformity. Now, due to the proliferation of information on the internet and the rise of affordable and effective al... See more

The rising cost of college and the student debt crisis have become one of the main causes for concern for the US economy. A growing economy and full employment mask the dangers of this crisis in the making: the overall price of higher education increased 600% between 1980 and 2010, double the rate of inflation in that period (per Ryan Craig's "Coll... See more

Colleges haven’t been merely facing a financial crisis, they’ve also been facing a credibility crisis.