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Feb 04, 2010

» The Ticking College Time-Bomb

Higher education: the next American bubble to burst.

There is no question that the belt-tightening for most Universities will continue at least through the year 2010. Universities will continue spending cuts, layoffs and tuition hikes into the foreseeable future. Consequently, this is a mounting burden on a collapsing middle-class America where jobs are continuing to disappear, wages decline, the cost of living rises, savings decrease and economic conditions deteriorate. Students are beginning to face the question of whether it is worth investing 4 years+ of their time and money only to graduate heavily in debt in a depression era jobless environment. A liberal arts degree is simply uncompetitive in an already bloated public service sector and the typical university curriculum does not translate into a wounded economy starving for goods production and export. Thankfully, alternative education is rapidly evolving and starving establishment Universities of their monopoly over the higher-education system. The inevitable end result will cripple the University establishment by way of the free market. Institutions will compete to enroll students by offering incentive- lower prices, more freedom, less bureaucracy and most of all more learning! The unfortunate short-term consequence will be the fate of several University employees as many Universities will drastically cut pay, downsize and some close their doors forever.

via themoonbog