With college costs on a seemingly endless upward march, but salaries and job openings disturbingly flat, there is much talk these days of whether higher education is a bubble due to pop. "Bubble" is arguably an overused word these days and it is debatable whether there's a "greater fool" theory at work in higher education, but clearly something disturbing is happening. Absent some creative thinking and careful planning, college education may once become the domain of the wealthy and create inflexible strata within society. (Bubbles are deceptive and unpredictable, but by studying their history we can prepare to our best ability. See 5 Steps Of A Bubble.)
The Best Game in Town?
It is difficult to assess the profitability of private schools, but there is no question that colleges, both public and private, have scarcely been shy in putting up prices over the past few decades. Depending upon the source and the time period in question, college tuition has been rising somewhere in the neighborhood of 8% a year for several decades, with room, board and other associated costs basically going along for the ride.
To read more, click below:
http://financialedge.investopedia.com/financial-edge/0811/Higher-Education---Bubble-Closed-Society-Or-Free-Market.aspx#axzz1WQj4nb8w
No comments:
Post a Comment