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The '''higher education bubble''' is a [[boom and bust]] phenomenon that some analysts predict will hit the field of [[higher education]]. Specifically, while the cost of higher education is rising, the returns of a college degree are decreasing.<ref>{{citation|title=Bursting the Higher Ed Bubble|date=May 27, 2009|publisher=The Week|url=http://theweek.com/article/index/96989/Bursting_the_Higher_Ed_Bubble}}</ref> The soundness of the [[student loan]] industry may be threatened by increasing default rates.<ref>{{citation|url=http://www.wbur.org/specials/education-bubble|title=The Education Bubble|publisher=wbur.org|author=Monica Brady-Myerov and Sonari Glinton}}</ref> College students who fail to find employment at the level needed to pay back their loans in a reasonable amount of time have been compared to the holders of [[sub-prime mortgage]]s whose home are worth less than what is owed to the bank.<ref>{{citation|title=As the higher ed bubble nears bursting what is the potential impact on libraries?|url=http://www.libraryjournal.com/article/CA6728003.html|author=Bell, Steven|date=05/06/2010|publisher=Library Journal}}</ref>
Some parents are wondering whether it is worth the price to send their children to college.<ref>{{citation|url=http://chronicle.com/article/Will-Higher-Education-Be-the/44400|title=Will Higher Education Be the Next Bubble to Burst?|author=Joseph Marr Cronin and Howard E. Horton|date=May 22, 2009|publisher=The Chronicle of Higher Education}}</ref> It is hypothesized that the bubble bursting may make it harder for colleges to fill their classes, and that some building projects will come to a halt.<ref>{{citation|url=http://www.economist.com/blogs/lexington/2009/06/the_higher_education_bubble|title=The higher education bubble|publisher=The Economist|date=June 11, 2009}}</ref> There could be mergers, closures and even bankruptcies of smaller colleges that have spent too much and taken on too much debt.<ref>{{citation|title=Higher-education bubble could burst next|author=Fitzgerald, Jay|date=May 31, 2009|url=http://news.bostonherald.com/business/general/view.bg?articleid=1175836|publisher=Boston Globe}}</ref> It may also bring down higher education prices.<ref>{{citation|url=http://article.nationalreview.com/427786/popping-the-higher-education-bubble/dan-lips|title=Popping the Higher-Education Bubble|date=March 15, 2010|publisher=National Review}}</ref> Those who have financed their educations with debt may be particularly hard-hit.<ref>{{citation|title=Further thoughts on the higher education bubble|author=Glenn Harlan Reynolds|publisher=Washington Examiner|date=August 8, 2010|url=http://www.washingtonexaminer.com/opinion/columns/Sunday_Reflections/Glenn-Harlan-Reynolds-Further-thoughts-on-the-college-tuition-bubble-100216064.html}}</ref>
==References==
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