This past weekend Professor Glenn Reynolds, University of Tennessee Law School, published another newspaper article on the college debt bubble. Reynolds is one of the best writers on the college debt bubble as he calls it. He believes that the market for exorbitantly priced higher education is getting soft as market forces and public awareness take hold.
He also takes note of 21st Century alternatives to the old brick and mortar education model. He mentions a number of high-tech ventures that are taking off: Harvard/MIT edX, Minerva University, Stanford professor/Google bigwig Sebastian Thruns Udacity.
New thinking abounds: Glenn references Andrew Coulson (Cato Institute) who proposes that it is becoming more practical for students to educate themselves via online methods. See George Leefs brief discussion of Coulsons idea here.