Forbes recently pointed out that higher education is likely to be the next bubble that will burst in the American economy. Private schools can reach over $50,000 per year, American students owe collectively over half a trillion dollars, and graduate schools have become more in vogue as competition increases for jobs. Plus, increasing amounts of this debt are being financed by private lenders who employ practices closer to the Mafia than the Department of Education.
Given the coming job market, is the $200,000 college education over?
What about grad schools?
What is this generation going to do with all that personal debt?
Who might step into the void to provide job training?
And what is the future of university football teams?
What will public school look like here 20 years from now?
Will the Ford model be around? Will the proliferation of broad band internet give cyber learning a stronger foot hold? Will rising gas and energy prices, as well as falling tax revenue bring…