Will There Be a Day When Going To College "Isn't Worth It"?

There's been a meme lately in the edublogosphere that perhaps there's a "higher education bubble", meaning that college costs are rising so high and so fast, even when compared to inflation, that eventually they, like the dotcom bubble and the housing bubble and the tulip bulb bubble, will burst. Then what happens? If it's lower college costs and fewer people attending Club Med U and instead attending Reasonable State U, I'm all for it.

There's another meme going around that says that students are racking up so much debt (in these pre-bubble-bursting days), and high-paying jobs are so scarce, that a college education might not even be worth the cost anymore.

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