Click on a thumbnail to go to Google Books.
Loading... The Higher Education Bubbleby Glenn Harlan Reynolds
None Loading...
Sign up for LibraryThing to find out whether you'll like this book. No current Talk conversations about this book. Reynolds (who is a member of the faculty of the College of Law, University of Tennessee) argues that American higher education is in danger of collapse due to "bubble" economics, i.e. prices have risen much faster than the value of the product. Nothing new here, if you keep up with the Chronicle of Higher Education, but neatly laid out. ( ) You can't tell by the cover, but this Encounter Broadsides series entry is a mere 50-page pamphlet. The topic though doesn't need too many pages to get its central point across, which is this: The costs of higher education and its institutions are on an unsustainable path. The inevitability of a future crash, or at least painful cutbacks, is all but certain. Author and law professor Glenn Harlan Reynolds shows us how we got here, what market corrections will probably transpire, and what we can do about it. Students and parents of students considering college should take special note before going deep into debt. no reviews | add a review
Belongs to Publisher SeriesEncounter Broadsides (29)
Education.
Nonfiction.
HTML:America is facing a higher education bubble. Like the housing bubble, it is the product of cheap credit coupled with popular expectations of ever-increasing returns on investment, and as with housing prices, the cheap credit has caused college tuitions to vastly outpace inflation and family incomes. Now this bubble is bursting. In this Broadside, Glenn Harlan Reynolds explains the causes and effects of this bubble and the steps colleges and universities must take to ensure their survival. Many graduates are unable to secure employment sufficient to pay off their loans, which are usually not dischargeable in bankruptcy. As students become less willing to incur debt for education, colleges and universities will have to adapt to a new world of cost pressures and declining public support. No library descriptions found. |
Current DiscussionsNone
Google Books — Loading... GenresMelvil Decimal System (DDC)378.73Social sciences Education Higher education North America United StatesLC ClassificationRatingAverage:
Is this you?Become a LibraryThing Author. |