The Higher Education Bubble by Glenn Harlan Reynolds
(Encounter Broadsides)

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Synopsis

America is facing a higher education bubble. Like the housing bubble, it is the product of cheap credit coupled with popular expectations of ever-increasing returns on investment, and as with housing prices, the cheap credit has caused college tuitions to vastly outpace inflation and family incomes. Now this bubble is bursting.

In this Broadside, Glenn Harlan Reynolds explains the causes and effects of this bubble and the steps colleges and universities must take to ensure their survival. Many graduates are unable to secure employment sufficient to pay off their loans, which are usually not dischargeable in bankruptcy. As students become less willing to incur debt for education, colleges and universities will have to adapt to a new world of cost pressures and declining public support.
 

About Glenn Harlan Reynolds

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Glenn Harlan Reynolds is the Beauchamp Brogan Distinguished Professor of Law at the University of Tennessee. He blogs at InstaPundit.com and writes for such publications as The Atlantic, Forbes, Popular Mechanics, The Wall Street Journal, and USA Today. He lives in Knoxville, TN.
 
Published June 26, 2012 by Encounter Books. 56 pages
Genres: Education & Reference, Professional & Technical. Non-fiction

Unrated Critic Reviews for The Higher Education Bubble

The Washington Times

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University of Tennessee law professor and blogger Glenn "Instapundit" Reynolds begins "The Higher Education Bubble" with a quote and an explanation. The quote is the late economist Herb Stein, father of Ben Stein, reminding us that "something that can't go on forever, won't."

Jul 25 2012 | Read Full Review of The Higher Education Bubble (...

Huntington News

(Link:http://www.usatoday.com/news/nation/story/2012-06-04/millennials-lack-of-jobs/55676024/1)The story -- which I recommend since it's written in the accessible style made famous by the colorful Gannett national daily -- says that social scientists compare 2012 college graduates to Americans wh...

Jun 21 2012 | Read Full Review of The Higher Education Bubble (...

Psychology Today

The ever-increasing cost of higher education is making the system unsustainable.

Feb 03 2014 | Read Full Review of The Higher Education Bubble (...

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