Is Higher Education The Next Bubble To Burst?

What does the real estate market and a college education have in common? Their prices have risen faster than inflation in recent years, they are both expensive, they are often paid for with credit, the markets for that credit have dried up, they both have less expensive alternatives. We know what happened to housing, might the same thing happen to higher education. Many universities are concerned that cash strapped families will more commonly turn to community colleges to satisfy a portion or all of a child's post-secondary education. With many costs on a college campus unavoidable, this diminished revenue stream could be devastating.