Education

April 18, 2011
The Latest Bubble?
Source: The Economist

Summary from Eclectic’s Scott Rojas:
This article has a very interesting take on the price and value of higher education. Could this be housing part II?
“Tuition cost are too high, debt loads are too onerous, and there is mounting evidence the rewards are over-rated.”

ON September 2nd 2010 I wrote a mischievous column (“Declining by degree”) likening America’s universities to its car companies in about 1950: on top of the world and about to take an almighty fall. Since then I have heard the argument dismissed and denounced by the presidents of Harvard, Princeton and New York University. John Sexton, NYU’s affable president, even likened me to a member of the tea party, for which there is no more damning condemnation in academic circles.
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