America is facing a higher education bubble. Like the housing bubble, it is the product of cheap credit coupled with popular expectations of ever-increasing returns on investment, and as with housing prices, the cheap credit has caused college tuitions to vastly outpace inflation and family incomes. Now this bubble is bursting. In this Broadside, Glenn H. Reynolds explains the causes and effects of this bubble and the steps colleges and universities must take to ensure their survival. Many graduates are unable to secure employment sufficient to pay off their loans, which are usually not dischargeable in bankruptcy. As students become less willing to incur debt for education, colleges and universities will have to adapt to a new world of cost pressures and declining public support.

During recent decades, Korea has been one of only a handful of countries that have made the successful transformation to become a developed nation by simultaneously achieving persistent economic growth combined with a democratic political system. Experts and political leaders worldwide have attributed this achievement to investments in people or, in other words, the power of education. Whilst numerous books have highlighted the role of industrial policies, technological growth, and international trade in Korea’s development process, this is one of the first to focus on the role of human capital. It shows how the accumulation of human capital aided transformation and helps explain the policies, strategies and challenges that Korea faces now and in the future.

The cost of a college degree has increased by 1,125% since 1978—four times the rate of inflation. Total student debt has surpassed $1.3 trillion. Nearly two thirds of all college students must borrow to study, and the average student graduates with more than $30,000 in debt. Many college graduates under twenty-five years old are unemployed or underemployed. And professors—remember them?—rarely teach undergraduates at many major universities, instead handing off their lecture halls to cheaper teaching assistants. So, is it worth it? That’s the question Charles J. Sykes attempts to answer in Fail U., exploring the staggering costs of a college education, the sharp decline in tenured faculty and teaching loads, the explosion of administrative jobs, the grandiose building plans, and the utter lack of preparedness for the real world that many now graduates face. Fail U. offers a different vision of higher education; one that is affordable, more productive, and better-suited to meet the needs of a diverse range of students—and one that will actually be useful in their future careers and lives.

How to rebuild higher education from the ground up for the twenty-first century. Higher education is in crisis. It is too expensive, ineffective, and impractical for many of the world's students. But how would you reinvent it for the twenty-first century—how would you build it from the ground up? Many have speculated about changing higher education, but Minerva has actually created a new kind of university program. Its founders raised the funding, assembled the team, devised the curriculum and pedagogy, recruited the students, hired the faculty, and implemented a bold vision of a new and improved higher education. This book explains that vision and how it is being realized. The Minerva curriculum focuses on “practical knowledge” (knowledge students can use to adapt to a changing world); its pedagogy is based on scientific research on learning; it uses a novel technology platform to deliver small seminars in real time; and it offers a hybrid residential model where students live together, rotating through seven cities around the world. Minerva equips students with the cognitive tools they need to succeed in the world after graduation, building the core competencies of critical thinking, creative thinking, effective communication, and effective interaction. The book offers readers both the story of this grand and sweeping idea and a blueprint for transforming higher education.

College tuition has risen more rapidly than the overall inflation rate for much of the past century. To explain rising college cost, the authors place the higher education industry firmly within the larger economic history of the United States.

Cheap credit on student loans coupled with widespread beliefs of ever-increasing returns on investment has caused college tuition to vastly outpace inflation and family incomes. From 1976 to 2010 commodities prices rose 280% and homes prices rose 400% while private education rose an incredible 1000%. While the price of education has skyrocketed, the value of a degree has not kept pace. The increase in supply of degree holders has created an imbalance in the labor market . In 1940, only one in 20 Americans held a college degree. By 1977, that number had soared to one in four. Over the past 30 years, higher education has gone from facilitating upward mobility to exacerbating inequality. For the first time in history, the majority of unemployed Americans attended college, and it's no more expensive than ever to go to college. Student debt is now greater than $1 trillion and many graduates are unable to secure employment sufficient to pay off these loans. As a result, students are increasingly beginning to default on these loans. Popping the Higher Education Bubble discusses the causes of the economic bubble, the harmful effects it has had, potential solutions to the problems, an analysis of whether college is still a wise purchase, and more. The higher education bubble has many similarities to the housing bubble. By comparing the student loan bubble to the mortgage bubble, this book also identifies potential outcomes and investment opportunities were the student debt bubble to pop.

"The economics of American higher education are driven by one key factor--the availability of students willing to pay tuition--and many related factors that determine what schools they attend. By digging into the data, economist Nathan Grawe has created probability models for predicting college attendance. What he sees are alarming events on the horizon that every college and university needs to understand. Overall, he spots demographic patterns that are tilting the US population toward the Hispanic southwest. Moreover, since 2007, fertility rates have fallen by 12 percent. Higher education analysts recognize the destabilizing potential of these trends. However, existing work fails to adjust headcounts for college attendance probabilities and makes no systematic attempt to distinguish demand by institution type. This book analyzes demand forecasts by institution type and rank, disaggregating by demographic groups. Its findings often contradict the dominant narrative: while many schools face painful contractions, demand for elite schools is expected to grow by 15+ percent. Geographic and racial profiles will shift only slightly--and attendance by Asians, not Hispanics, will grow most. Grawe also use the model to consider possible changes in institutional recruitment strategies and government policies. These "what if" analyses show that even aggressive innovation is unlikely to overcome trends toward larger gaps across racial, family income, and parent education groups. Aimed at administrators and trustees with responsibility for decisions ranging from admissions to student support to tenure practices to facilities construction, this book offers data to inform decision-making--decisions that will determine institutional success in meeting demographic challenges"--

For many students, a bachelor's degree is considered the golden ticket to a more financially and intellectually fulfilling life. But the disturbing reality is that debt, unemployment, and politically charged pseudo learning are more likely outcomes for many college students today than full-time employment and time-honored knowledge. This raises the question: is college still worth it? Who is responsible for debt-saddled, undereducated students, and how do future generations of students avoid the same problems? In a time of economic uncertainty, what majors and schools will produce competitive graduates? Is College Worth It? uses personal experience, statistical analysis, and real-world interviews to provide answers to some of the most troubling social and economic problems of our time.

Jeff Selingo, journalist and editor-in-chief of the Chronicle for Higher Education, argues that colleges can no longer sell a four-year degree as the ticket to success in life. College (Un)Bound exposes the dire pitfalls in the current state of higher education for anyone concerned with intellectual and financial future of America.

ProfScam reveals the direct and ultimate reason for the collapse of higher education in the Unites States— the selfish, wayward, and corrupt American university professor.