Higher Education Bubble Spawns Demographic Decline Among Educated Americans

Hans Bader:

The buildings at my French-born wife's alma mater don't look very impressive, although she studied and learned a lot there. If a French university outwardly looks more like a high school than a Harvard, that's OK with them. What matters to them is the learning that takes place within, not whether it looks like a college marketer's movie-set image of what a university should look like. French students also study a lot more than American students, so they may be more accustomed to not having spare time (something that may help prepare them to have kids after they graduate, since parents of young children have little free time).

U.S. colleges are borrowing lots of money for fancy, unnecessary facilities, gambling that they can pay the interest on their increased debt by increasing tuition on future students. This is already resulting in growing numbers of American universities facing "financial trouble," notes The Economist.

Posted by Jim Zellmer at August 30, 2012 2:06 AM
Subscribe to this site via RSS/Atom: Newsletter signup | Send us your ideas