HIGHER EDUCATION BUBBLE UPDATE: Reader Angela Dills emails:

As a professor (married to another professor), I follow your links on the higher education bubble with great interest. While waiting for the mechanic this morning, I picked up the March issue of Family Circle — what I think of as a fairly middle-class female-oriented magazine. And they too are talking about a bubble in higher ed — although not in those exact words.

The article is called Do Kids Need College? “Conventional wisdom says college is an essential investment in your child’s future. The vast majority of parents assume their kids are headed that way, and teens, in large part, are living up to expectations: Almost 72 percent enroll in some form of advanced schooling right after twelfth grade—an all-time high. But the triple whammy of dwindling or (nonexistent) family savings, crushing debt, and an uncertain job market has parents asking an unsettling question: Is college really worth it?”