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.