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[quote=Anonymous][quote=Anonymous]The only people who talk about the "higher education bubble" are people who didn't go to college. Education is not just about vocational skills. That's why Harvard does not offer an accounting or pharmacy major. Putting aside the critical thinking skills, it confers social status, social capital, and access to valuable networks.  If the middle class starts to rely on cheap online colleges, the less they will benefit from the social capital and status advantages of higher education.  And, the Ivies will become even more exclusive and competitive and more valuable in terms of life options/open doors.  [/quote]

Your first sentence is obviously nonsense. As for the rest, it depends on what kind of social capital you want in your life. There are many other possible ways to make social connections, and I bet a lot of new models will start popping up to take the place of colleges in that regard too.  But sure, there is a certain type of social connection and social status that some people value and that elite colleges will still continue to cater to. So you're right in that regard -- some of the exclusive colleges are primarily social clubs for perpetuating the stratified social order and will continue to fill that role. Whether that's a good thing is another matter -- a recent study showed that high social inequality has negative effects on everyone's health and well-being, across the board. [/quote]

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