Is it about to burst? Given the degree to which it’s been driven by government money, and the coming fiscal meltdown, I’d say so.
…consumers seem to be reading the cues in the marketplace.
An increasing number of students are spending their first two years after high school in low-cost community colleges and then transferring to four-year schools.
A recent Wall Street Journal story reported that out-of-staters are flocking to low-tuition North Dakota State in frigid Fargo.
I went to community college my first two years before transferring to Ann Arbor, where I picked up all the basics for engineering — calculus, physics, chemistry, etc. I’m convinced that I got both a cheaper and better education there than those who were freshman and sophomores at Michigan, based on their descriptions of their classes (giant lecture halls taught by grad students for whom English was a second language). But I missed out on a couple years of the “college experience.”
[Update early evening]
The bubble will pop this decade, and here’s one reason why.
[Bumped]