The higher education bubble
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Author
Publication
2012 - Encounter Books, New York, New York (State)
Language
English
Word Count
12,000 words, Guess
Page Count
48 pages
Identifiers
- Open LibraryOL25307250M
- ISBN-139781594036651
- OCLC Control Number780481698
- Internet Archivehighereducationb0000reyn
- Library of Congress Control Number2012015017
Classifications
- DDC378.73
- LCCLA227.4 .R478 2012
- LCCLA227.4.R478 2012
Description
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 out-pace inflation and family incomes. Now this bubble is bursting. In this book, 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. Reynolds also provides advice for students, parents, alumni, and taxpayers on how to deal with this coming crisis.
Subjects
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