The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi47° Slight Chc Rain

Tonight

Lo34° Slight Chc Rain

Monday

Hi42° Mostly Sunny

Monday Night

Lo32° Slight Chc Rain

Tuesday

Hi39° Chance Rain

Tuesday Night

Lo33° Slight Chc Rain

Wednesday

Hi38° Chance Rain

Wednesday Night

Lo28° Mostly Cloudy

Christmas Day

Hi34° Mostly Sunny

Thursday Night

Lo24° Mostly Clear

College is still worth the price

Send to Kindle
Print This

In theory, this higher education bubble should pop any time now. You know about economic bubbles. That’s when the cost of an investment rises faster than the return, and then surpasses it, and suddenly everyone ducks out. The last people in on the deal take a bath as the value of their investment assets plunge, because nobody wants them anymore.

Maybe higher education is a little like real estate. People want it, and will pay for it, because there is a good return on the investment — better employment prospects and higher earnings. Then the cost of the investment rises — in the form of double-digit annual tuition hikes. It rises faster than the return, as the job market weakens in recession. Eventually, perhaps soon according to some, we will reach the point where the investment in higher education is a loser. A college degree will not be worth the price. People will duck out, demand will plunge, and the system will crumble.

View my optionsorSign in