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May 9, 2011

Why America's College Bubble Is Next To Burst

American college tuition inflation has been out of control for the past decade.

During the financial crisis of late-2008/early-2009, almost all goods and services in America at least temporarily declined in price. The only service in America that continued to rise in price throughout the financial crisis, besides health care, was college education. Despite real unemployment in America reaching 22%, students were brainwashed into believing that if they were lucky enough to be blessed with the privilege to get half a million dollars into debt to obtain a college degree, they will be on a path to riches and have a guaranteed successful career; whereas those who don't attend college are destined to be failures in life. -- zero hedge

Posted by Vanderleun at May 9, 2011 6:12 AM. This is an entry on the sideblog of American Digest: Check it out.

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