declining enrollment

Popping the Higher Education Bubble

Nearly a decade ago, my then colleague Andrew Gillen suggested that one could say that higher education was in a bit of a “bubble”: over-exuberant “investors” in human capital, better known as students, were potentially misallocating their resources, becoming increasingly underemployed after graduation, leading to adverse financial consequences. In the private sector, bubbles, like those […]

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We Have Too Many Colleges, So Cut Federal Funding

We have clearly oversold higher education. Through subsidies and political hype, we have prodded huge numbers of students to flock into colleges and universities. Naturally, those institutions also expanded in number and in the volume of students. Now that it is becoming evident that a college degree isn’t necessarily a good investment and for many […]

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