27
Nov
During the expansion of the housing bubble, lenders felt protected because they could repackage risky loans as mortgage-backed securities, which sold briskly to a pious market that believed housing prices could only increase… the education sector has its equivalent: the Student Loan Asset-Backed Security (or, as they’re known in the industry, SLABS)…
But the rapid growth in tuition is mystifying in value terms; no one could argue convincingly the quality of instruction or the market value of a degree has increased ten-fold in the past four decades (though this hasn’t stopped some from trying). So why would universities raise tuition so high so quickly?
Or, the Higher Education bubble. Something from April I just discovered now. From N+1: Bad Education.
More on why tuition costs have risen.
