The college-is-a-bubble meme just keeps growing. Student-loan debt surpassed credit-card debt for the first time in history last year. Tuition is rising at three times the rate of inflation, and there are growing concerns about the quality of education offered at even our nation's fanciest schools. Meanwhile, prominent venture capitalist Peter Thiel is paying young entrepreneurs to drop out of school. It's become more fashionable than ever to equate higher education with homeownership: once a rock-solid piece of the American Dream, now a fool's bet and a sad reminder of overinflated expectations.
But in reality, demand for an American-style college education, and the long-term value of said degree, is unlikely to decline any time soon. Here's why:
1. College degrees are still relatively scarce in the U.S. Less than 30 percent of the population have BAs, and we're 12th in the world in the rate of young workers that have associate's degrees or more. President Obama's goal is to increase the percentage of young people with some kind of postsecondary certification to 60%.
To read the full, original article click on this link: Why College Is Not A Bubble (Except For The University Of Phoenix) | Fast Company
Author: Anya Kamenetz
