Sunday, October 2, 2011

The Big Education Bubble is Starting to Burst

The StarTribune reports this week that applications for that area's four law schools have dropped of late.  

Well, duh.

Runaway and unchecked tuition, student debt that rivals some mortgages, and employment prospects that are slimmer than a three-point halftime Vikings lead are combining quickly to an unsustainable, caustic mix.  Post-graduate and even traditional four-year college education no longer affords economic security.  In fact, it is now nearly the opposite.
Just like the real estate market, education is way past due for a correction. 

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