But wait. While they play the conventional game of aspiration, certain scholars and economists, and hundreds of thousands of "concerned citizens" have initiated a...
The "university bubble" should have been easily predicted when the gov't became the guarantor of student loans. The same thing happened in the housing industry. University administrators, just like the mortgage sharks, saw the influx of "guaranteed" payment and hiked the prices. Once again, gov't interference will have a negative impact. And, once again, it will cost the taxpayers billions, if not hundreds of billions, of dollars in defaults. Hopefully, "e-school" will head off some of the losses.
The last of the college applications have been rewritten, tweaked and polished, and at last entrusted to the tender mercies of the U.S. Mail or the Internet. Fretting over deadlines morphs into waiting, and yearning, wishing and praying for coveted letters of acceptance. This is the annual crisis in thousands of homes with ambitious high school seniors -- the high school seniors and their parents who still believe that college is the route to the American Dream.
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