Not worth the debt - NYPOST.com
I’ve been writing for years about a bubble in higher education: too much demand, causing sky-high prices — all because of cheap government money, much like the housing bubble. Now those warnings have become conventional wisdom — so conventional that they’ve reached The New York Times and even 60 Minutes.
Pretty much everyone agrees that the increases in tuition (which have vastly outpaced consumer prices and family incomes) and the growth in student-loan debt (which now exceeds credit-card or auto-loan debt) are unsustainable. As economist Herb Stein famously said, something that can’t go on forever, won’t. So, how should we respond?
Read more: http://www.nypost.com/p/news/opinion/opedcolumnists/not_worth_the_debt_tPmHeOgrp5qbKpoFxUt4hI#ixzz1wJ0433sk
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