America is facing a higher education bubble. Like the housing bubble, it is the product of cheap credit coupled with popular expectations of ever-increasing returns on investment, and as with housing prices, the cheap credit has caused college tuitions to vastly outpace inflation and family incomes. Now this bubble is bursting. In this Broadside, Glenn Harlan Reynolds explains the causes and effects of this bubble and the steps colleges and universities must take to ensure their survival. Many graduates are unable to secure employment sufficient to pay off their loans, which are usually not dischargeable in bankruptcy. As students become less willing to incur debt for education, colleges and universities will have to adapt to a new world of cost pressures and declining public support.
- ISBN10 1594036659
- ISBN13 9781594036651
- Publish Date 12 July 2012 (first published 1 January 2012)
- Publish Status Unknown
- Out of Print 20 August 2015
- Publish Country US
- Imprint Encounter Books,USA
- Format Paperback (US Trade)
- Pages 56
- Language English