(scholarlykitchen.sspnet.org): Economic bubbles are interesting phenomena. They occur ‘when something is overvalued and intensely believed,’ sort of the economic version of infatuation. Education now fits that definition — tuition is too high, fees make it even higher, debt loads are unreasonable, and there is mounting evidence that the payoff isn’t all it’s cracked up to be. Education, as a form of insurance against the future, may be overvalued, especially higher education.
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