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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I predict the college bubble to about to burst.[/quote]

Yes.

The problem is that state flagships set a cap.

In the old days, when people weren’t too worried about student loans, ordinary people could just take a deep breath and pay full price to go to Smith College.

Now, for families not earning more than about $400,000 a year, the idea of paying $400,000 to send a kid to Smith or Amherst, when the University of Indiana might be $240,000 out of state, and an in-state state flagship might be $140,000 all in, seems absurd. The only schools where the idea of actually paying $400,000 seems somewhat reasonable are places like Harvard.

I think that means that, to have a hope of survival, most private colleges have to hold the total cost of attendance to less than about $45,000 to $50,000 per year. [/quote]

And yet the average cost is substantially higher than that now, and people are lined up to pay it at plenty of schools ranked below Harvard, and praying their kid gets in.

I think what you think may SEEM logical, but the market is telling us differently at this moment.[/quote]

The fact is there are enough people with the cash and they are spending it for bragging rights schools everyday. Moreover, 
the price increase allows ivys and other top schools to raise the odd for legacies (enough can pay 400+ per kid) and get rid of the preference while still sticking to the mission and admitting lower income students. 
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