[raybbr]

Just like every other bubble it's a result of marketing. The general public have been told that a degree makes you worth more. Just like housing was supposed to increase in value forever.

The education industry, subsidized by tax dollars, is mostly vastly over rated.

[x_plus_one]

Fill out a govt application for employment and see how the feds value extended education. Points for every degree obtained puts you ahead of the next guy in line. The rats nest called academia is a godless camp filled with unskilled labor who pursue job security with any bureaucracy but preferably the government.

[decimon]

Just like every other bubble it's a result of marketing.

I think Reynolds has the order correct in first listing the easy money (easy credit). That's like the blood in the water attracting the marketing sharks.