Mr. Reynolds is suggesting that higher education is in a bubble much like housing was in 2007. Glenn offers some advice to students (don't go into debt) and colleges (don't go on spending binges).
If true, the article also talks about some interesting ramifications when/if students get priced out of college.
...a college degree is an expensive way to get an entry-level credential. New approaches to credentialing, approaches that inform employers more reliably, while costing less than a college degree, are likely to become increasingly appealing over the coming decade.To get an idea of how much out of whack college tuition has risen, please take a look at the following chart which compares CPI, Housing Prices, and Tuition.
Click on picture for larger image.
Relative to the housing bubble, that rise in tuition is something to behold.
Thanks for reading.
James
