The bubble has already burst. Europe has gone to the 3-year degree and US colleges are accepting these kids to graduate school. The students are prepared and do well. The US general ed for 2 years is little more than indoctrination and profit centering (who would take these classes if they didn’t have to?). More and more kids are staying home and going to a local college and not taking out loans. I work in admin and we all see the storm clouds growing and unofficially refuse to acknowledge them.

http://chronicle.com/article/In-Europe-Skeptics-of-New/44467/