Will Higher Education Be the Next Bubble to Burst?
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The usual litany about competition from non-traditional sources, difficulty in getting student loans, fewer parents able to leverage on their home equity, and the coming demographic peak lead Joseph Marr Cronin and Howard E. Horton, writing in The Chronicle of Higher Education, to use this critical moment in economic history to warn of bubbles and suggest that the day of reckoning for higher education could be drawing near.
The usual litany about competition from non-traditional sources, difficulty in getting student loans, fewer parents able to leverage on their home equity, and the coming demographic peak lead Joseph Marr Cronin and Howard E. Horton, writing in The Chronicle of Higher Education, to use this critical moment in economic history to warn of bubbles and suggest that the day of reckoning for higher education could be drawing near.The public has become all too aware of the term "bubble" to describe an asset that is irrationally and artificially overvalued and cannot be sustained. The dot-com bubble burst by 2000. More recently the overextended housing market collapsed, helping to trigger a credit meltdown. The stock market has declined more than 30 percent in the past year, as companies once considered flagship investments have withered in value.
Is it possible that higher education might be the next bubble to burst? Some early warnings suggest that it could be.
Labels: competition, Cronin, financial crisis, higher education bubble, Horton, resource and budget planning, The Chronicle of Higher Education
posted by Terry Calhoun at
1:56 PM
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