Higher Education Bubble?
The Economist has an interesting article this week on student loans in America - click here. As university tuition fees in the US have risen faster than inflation over the past decade, so has the level of student indebtedness. This raises the question: has there been a higher education bubble in the US fuelled by easily-available debt? If so, what are the consequences for US colleges? What are the lessons for the UK as it embraces higher tuition fees? Notably, unlike other debts, student loans cannot be shed by going into bankruptcy!
I came across the following documentary recently. It is far-fetched and sensationalist, but there are some interesting points made concerning the bubble in US higher education. Please note that the documentary is from the notorious National Inflation Association, which has been implicated in a pump and dump scam - click here.