HIGHER EDUCATION BUBBLE UPDATE: Washington Post: Student Loans Not Always A Good Idea. You think?

UPDATE: A reader emails: “It seems one aspect fueling the higher education bubble hasn’t been overtly factored into the equation, and that is the near complete failure of the public school system to produce competent, literate, skilled young people ready to enter society. Many feel they have no choice but go to college to get the skills necessary for someone to hire them. It didn’t used to be that way. My grandfather went to school through the 5th grade before he had to quit and go to work to help support his family. He could do complicated math in his head, knew how the government worked and could recite American poetry for hours. He’d be more than a match for a current high school grad.” Indeed.