Why does an education bubble exists?
If we saw incomes rise on pace or higher than educational prices, the rise in cost of education would be justified and possible. Yet, we're not seeing incomes rise on pace with college. Also, as more students pursue college, the value of a degree declines and the demand for similar jobs increase. This has consequences: high school dropouts or even college dropouts may find superior jobs by learning specific skills that are in high demand, while other students lose four or more years without sharpening these skills.