Will Higher Education Be the Next Bubble to Burst?

by E Wayne Ross on May 19, 2009

The Chronicle: Will Higher Education Be the Next Bubble to Burst?

By JOSEPH MARR CRONIN and HOWARD E. HORTON

The public has become all too aware of the term “bubble” to describe an asset that is irrationally and artificially overvalued and cannot be sustained. The dot-com bubble burst by 2000. More recently the overextended housing market collapsed, helping to trigger a credit meltdown. The stock market has declined more than 30 percent in the past year, as companies once considered flagship investments have withered in value.

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