A friend, a very big wheel indeed in finance, tells me that the higher ed bubble is about to pop, and about time, too, since federal interference in education has led only to vastly higher prices and a humongous administrative-faculty nomenklatura living high on the hog for not much effort. “I worked my way through school,” he said. “That’s impossible now, thanks to all the ‘aid’ to students. And while it’s true that outfits like the University of Phoenix have a market aspect to them, virtually all their profits come from saddling students with federal loans they can never pay … Continue reading The Next Big Bubble