Why College Is Not A Bubble (Except For The University Of Phoenix)
It’s become more fashionable than ever to equate higher education with homeownership: once a rock-solid piece of the American Dream, now a fool’s bet and a sad reminder of overinflated expectations. But in reality, demand for an American-style college education, and the long-term value of said degree, is unlikely to decline any time soon… Global demand for education keeps growing–it’s on track to double over the next 10 years, to over 225 million students worldwide. According to UNESCO, India would have to build a new campus every two weeks between now and 2025 just to meet the demand. And the U.S. model is still the most desirable internationally. U.S. private universities are expanding overseas from Abu Dhabi to Singapore to meet this growing global demand…
Read full article [here].
by Anya Kamenetz, Fast Company.