The Higher Education Bubble

The Higher Education Bubble

4.13 of 5 stars 4.13  ·  rating details  ·  46 ratings  ·  12 reviews
America 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.

In this Broadside, Glenn Harlan Reynolds expla...more
Paperback, 56 pages
Published June 26th 2012 by Encounter Books
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Bojan Tunguz
The laundry list of problems that the higher education faces these days seems to grow on an almost daily basis. Hardly a day passes that I don’t come across a big article or two lamenting the unsustainability of the current model of higher education. Many writers have correctly pointed out some of the main issues that trouble the higher educational industry – from the rampant drinking culture, over obsession with athletics, to the ever decreasing teaching standards – but the ultimate cause of al...more
Kai
(I was tagging a wrong book, damn...)

It's not a long book, but if offers many insightful observations about how the bubble of American higher education was formed, how it is collapsing, and what it will be like after it's gone.

If we agree with the author of this book that adding value to the society is the only true value of higher education, then, the next question here is how librarians can contribute to this goal. Online open course is definitely one excellent idea.
Susan
Sobering. Spot-on accurate assessment of everything that is wrong in higher education. What Reynolds describes in his book has been happening at every institution of higher learning where I have been enrolled and where I have taught as a post doc and professor. He makes some predictions about where higher education is headed. In some ways, I find his predictions both disconcerting and encouraging. This is a fast little read and worth the time.
Ray
A thoughtful and provoking summary of the trendlines in higher education - skyrocketing costs and student debt, with decreasing quality of product. A scary thing for those of us in higher ed to consider, to be sure, but the perspective is very good and reasonable.
Jane
Cogent and well-written, this short book articulates many of my own concerns about the state of higher education in the U.S. A must-read for any student or parent contemplating taking on debt to pursue a traditional four-year degree.
Ed Maguire
It's here, ready to deflate. A brief read, essential for anyone that has not been paying attention, and not a surprise for anyone who has.
Taylor
Quite good. The better we stop denying the bubble, the better off higher education will be in the long run.
Douglas Wilson
Really good stuff.
Tim
Jul 31, 2012 Tim rated it 5 of 5 stars Recommends it for: Anyone considering college, or working in higher education
The voice of one crying in the wilderness... who will listen?
Seth
"The higher education bubble isn't bursting because of a shortage of money. It is bursting because of a shortage of value. The solution is to improve the product, not increase the subsidy."

A brief but excellent description of the higher education bubble, why we got there, what the fallout will be, and some advice on how to weather it. Great stuff.
Claude Graves
Short and interesting. Don't go into debt if you can help it and study something that will be worth it in the market place(not underwater basket weaving with a focus on women's studies). Not sure if all of his predictions will be borne out, but my call is to work, not predict results.
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Shelves: higher-education
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