Recently people began talking about the college bubble. There are numerous media articles, online documentaries, and books on the subject. The gist of the argument is that US colleges are way too expensive, students are getting into horrendous debt, and the college bubble will eventually burst when the reality settles in just like the case of dot-com stocks in the early 2000s, As a lower middle-class parent, I have been spending tens of thousands of $$ for a son's education at a marginally elite university. But I am not quite sure if this is a good deal for him, not to mention for my family. I am just one of the millions of ordinary parents who are doing what others are doing. What do you think of the debate on the college bubble? Will it really burst sooner or later?
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