{"id":10531,"date":"2011-07-20T14:44:07","date_gmt":"2011-07-20T18:44:07","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=10531"},"modified":"2011-07-20T14:44:07","modified_gmt":"2011-07-20T18:44:07","slug":"higher-education-bubble-next-to-burst","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/10531\/higher-education-bubble-next-to-burst\/","title":{"rendered":"Higher Education Bubble Next to Burst?"},"content":{"rendered":"<p>If you or a family member are weighing a decision about whether or how much college loan money to request from the government next fall, consider <a href=\"http:\/\/washingtonexaminer.com\/politics\/2011\/07\/will-college-bubble-burst-public-subisidies\" target=\"_blank\">this nugget from Michael Barone\u2019s column<\/a> on the coming burst in the higher education bubble:<\/p>\n<blockquote><p>Peter Thiel, co-founder of PayPal, is adept at spotting bubbles. He cashed out for $500 million in March 2000, at the peak of the tech bubble, when his partners wanted to hold out for more. He refused to buy a house until the housing bubble burst.<\/p>\n<p>&#8220;A true bubble is when something is overvalued and intensely believed,&#8221; he has said. &#8220;Education may still be the only thing people still believe in in the United States.&#8221;<\/p><\/blockquote>\n<p>Owning a college degree may certify completion of a program, but it does not guarantee that the holder has marketable skills to land a job, as <a href=\"http:\/\/www.naceweb.org\/so\/2010\/0623\/global_talent\/\" target=\"_blank\">this report on the ongoing talent shortage<\/a> details.\u00a0 Higher education \u2013 like all levels and kinds of education \u2013 is an investment only if the students, faculty and administrators involved focus on learning and teaching things that matter.\u00a0 And with a 9.2 percent unemployment rate, that increasingly means basic comprehension of grammar, logic and rhetoric, with some grounding in finance thrown in for good measure.<\/p>\n<p>So, if you know someone thinking about going back to school for a master\u2019s in Religious or Women\u2019s Studies \u2013 for the good of your fellow citizens and taxpayers, urge them to reconsider.\u00a0 We can\u2019t afford the experience.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you or a family member are weighing a decision about whether or how much college loan money to request from the government next fall, consider this nugget from Michael Barone\u2019s column on the coming burst in the higher education bubble: Peter Thiel, co-founder of PayPal, is adept at spotting bubbles. He cashed out for [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1795,2453,64,2132,56,661,2456,424,2249],"class_list":["post-10531","post","type-post","status-publish","format-standard","hentry","category-posts","tag-bubble","tag-college","tag-education","tag-employment","tag-government","tag-higher-education","tag-loan","tag-michael-barone","tag-subsidy"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/10531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=10531"}],"version-history":[{"count":5,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/10531\/revisions"}],"predecessor-version":[{"id":10536,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/10531\/revisions\/10536"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=10531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=10531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=10531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}