Academic

HIGHER EDUCATION BUBBLE: ?University administrators are the equivalent of subprime mortgage broke?

By Glenn Reynolds

HIGHER EDUCATION BUBBLE:

“University administrators are the equivalent of subprime mortgage brokers,” he says, “selling you a story that you should go into debt massively, that it’s not a consumption decision, it’s an investment decision. Actually, no, it’s a bad consumption decision. Most colleges are four-year parties.”

Ouch.

Full post as published by Instapundit.com on October 12, 2010 (boomark / email).