The Coming College Education Bubble

Forbes:  “Higher education’s price-earnings ratio looks like Nevada housing circa 2007. . . . Many people now understand that this system of tax-and-lend has created a multigenerational housing bubble. But only a few have noticed that a very similar tax-and-lend system has also created a multi-generational higher education bubble. . . . But the financial data are making a college education tougher and tougher to defend.”