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.




One response

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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