Is the Higher Education Bubble Going to Burst?

Alison Leithner, Change.org, Jun 09, 2010
Commentary by Stephen Downes

There has been more and more discussion of the education bubble, especially in light of online learning. Alison Leithner links to an editorial by Glenn Reynolds in the Washington Examiner and summarizes, "Reynolds claims that, similar to many properties sold during the housing market bubble, the value of university education today is simply not worth the amount of money people currently are paying. Reynolds also proposes that consumers are starting to realize this." Leithner herself is sceptical. "Èmployers will still need some way to filter out the exceptional candidates for their posted positions. They will just find a new criterion upon which to judge people. If the higher education bubble burst, it will surely be because a new bubble has started to form.
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