August 24, 2013
HIGHER EDUCATION BUBBLE UPDATE: On dropping one’s youngest at college:
But what does a four-year sum in excess of $200,000 at the priciest schools, and still half that at state schools, get you? I don’t have a clue, and that’s why I’ve thought for several years now that the next bubble that pops will be higher education. I’m not sold that online courses will count for much, aside from personal gratification and, Heaven help us, real learning, but something’s got to give. And when the day of reckoning comes at these oases of never-never land, when schools make drastic staff cuts as they lower tuition fees, it’ll be ugly. Too bad my own pocket won’t reap the benefit.
Yeah, I know what you mean. . . .