The ‘higher education bubble’ at last has its own Wikipedia entry:

“The higher education bubble is a speculative boom and bust phenomenon in the field of higher education. According to the theory, while college tuition payments are rising, the rate of return of a college degree is decreasing, and the soundness of the student loan industry may be threatened by increasing default rates. College students who fail to find employment at the level needed to pay back their loans in a reasonable amount of time have been compared to the debtors under sub-prime mortgages whose home are worth less than what is owed to the bank.”

I think it is safe to say that the higher education revolution is underway. Actually, when student loan debt passed credit card debt, we should have smelled a rat.

All I can say is, it’s about time. As I approach the end of my time in graduate school I have compiled quite a collection of thoughts on higher education. Definitely not all bad, but a revolution is long overdue.