In a way the bubble has started to burst. A growing trend is for students to graduate early by accumulating credits in high school and community college during the summer. WSJ reported graduation in 3 to 3 1/2 years. My son will graduate in three years which means a 25% revenue loss for the school. If one attends community college for 2 years then finishes at a four year school, that is a 50% loss in revenue.
That’s been going on for years. Trouble is, the four-year schools won’t always accept outside transfer credits (as I learned the hard way).