The Real Reason College Costs So Much

online.wsj.com

7 pointsShivetya4 comments

This is a string a anecdotes. It does not explain why college costs so uniformly much across a widely divergent set of institutions. East Campus at MIT is just as not "Hilton-like" as it was in 1980.

Then the article touts for-profit like UoP, that have a terrible reputation, and entirely leaves out Coursera.

Buried in all that ideological bullshit is one possibly good suggestion: Every student should take exit exams, except that's redundant to the existing system of GREs, which probably measure everything worth measuring already.

Interesting article. I wonder what will be the final straw that ends up bursting the bubble, my assumption would be the students defaulting on their debts in large waves but I'm unsure when that wave will hit.

Given that you can't escape student debt even through bankruptcy, it's much harder for default rates to impact this particular bubble. You're probably right about the mechanism, but it's going to take incredible default rates to get there.

Yeah, but you can move and escape them. Consider an educated person who is eligible for immigration to another country. This person can simply say "Bye!" and forget it. You'd almost have to tie a passport to student loan payments to keep the knowledgeable from doing this.

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