The ratio of income inequality is immensely higher than the ratio of tuition cost, which is at least kind of interesting.
Also the education bubble is economically sustainable if and only if the population is selected to be elite ivies only. A nation where nobody makes over $10/hr unless they're in the ivy aristocracy (therefore attending for free with substantial scholarships and aid) doesn't mix well with $60K/yr tuition for a non-elite school.
Also the education bubble is economically sustainable if and only if the population is selected to be elite ivies only. A nation where nobody makes over $10/hr unless they're in the ivy aristocracy (therefore attending for free with substantial scholarships and aid) doesn't mix well with $60K/yr tuition for a non-elite school.