The Higher Education Bubble
America, and indeed the western hemisphere, 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.
This next video looks at the State of California and how the rise in tuition fees is now crippling students.
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