Economists and financial analysts first warned about the growing higher-education bubble in 2009. The bubble, they said, is fed by rising tuition, increasing enrollments, and crushing school debt that often can’t be paid by recent graduates who can’t find a good-paying job in a down economy.
And just as Americans were urged to invest in tech companies before the dot-com crash of 2000, or to buy property while housing prices skyrocketed in the mid-2000s, Americans are encouraged today – by everyone from family members to lawmakers – to sign up for college classes, even if it requires massive loans.
For-profit colleges’ expansion of online education has helped feed the sector’s massive growth, but it might be web-based education that prevents the disastrous effects of a burst economic bubble, educational technologists said.
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