The higher education bubble has been building for a long time. It follows a similar trend to the housing bubble: high prices fueled by loans that are too easy t

The higher education bubble has been building for a long time. It follows a similar trend to the housing bubble: high prices fueled by loans that are too easy to get and too hard to repay. The current situation is likely going to force a hard reset for the industry. Administrative bloat and other expenses will need to be addressed as colleges get back to basics and focus on delivering education under a more sustainable economic model. A 10% decline in enrollment (much higher is realistic for many colleges) would devastate the finances of most institutions. These will be an interesting next few years.