The education bubble.

4 05 2010

I just finished watching the Frontline on for-profit colleges, and I understand now why the stocks of those places all dropped today. I had no idea that tuition at places like the University of Phoenix are three to four times more expensive than state colleges. I also had no idea that they were marketed like credit cards.

It also made it clear to me why state-run online colleges are such a stupid idea. Since they can’t charge more than their on-campus programs, so they can never make up their high start up costs.

If this is the future, I’m moving to Australia.


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28 03 2011
Online education is an inferior good. « More or Less Bunk

[…] inferior good. 28 03 2011 Going to college at the University of Phoenix and its ilk costs three to four times as much as at a typical state university. Shouldn’t it be significantly […]

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