We are at the stage now where the entire debt origination structure of college and graduate education is beginning to roll over because the costs of debt are making it a poor financial investment.
This is happening in the law school complex.
I don't think it's quite to the undergrad complex yet, but it's really trashing law students, who generally have over $100,000 debt that cannot be discharged in bankruptcy.
I think that college is still a good deal, but it's rapidly moving toward a bad deal.
Give it a few years.
