Will Higher Education Be the Next Bubble to Burst? - Chronicle.com:
"Is it possible that higher education might be the next bubble to burst? Some early warnings suggest that it could be.
....According to the National Center for Public Policy and Higher Education, over the past 25 years, average college tuition and fees have risen by 440 percent — more than four times the rate of inflation and almost twice the rate of medical care."
What can be done?
"What can they do to keep the bubble from bursting? They can look for more efficiency and other sources of tuition.....recently argued for the year-round university, noting that the two-semester format now in vogue places students in classrooms barely 60 percent of the year,....Colleges can also make productivity gains by using technology and re-engineering courses. For the past 10 years, the National Center for Academic Transformation, supported by the Pew Charitable Trusts, has helped major universities use technology to cut instructional costs by an average of 40 percent while reducing the number of large course sections, graduate teaching assistants, and faculty time on correcting quizzes."
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