Not worth the debt?

There have been lots of articles like this in the last few years. I'm including this link mostly just to make it obvious where the general wisdom is on these issues. What's often missing from such discussions is the question of net revenue and net costs, which have not been going up nearly as dramatically. Also missing is that the premium for a college education has far outpaced the rising cost of a college education. This article assumes that the value of a college education has not gone up because the average student is studying less. But there are problems with that data as well, because the real decline occurred in the sixties and seventies, and using CLA data only touches on a small part of what higher education is supposed to be all about. Here's the less dramatic version of what's been going on. Tuition rates have been going up faster than inflation, but net costs have been staying roughly flat after adjusting for inflation. And the market value of a higher education degree (in general) has continued to increase in recent years. So, most students are not really paying much more money while reaping a significantly higher profit for their higher education investment. Remind me again, how is this a higher education bubble? http://www.nypost.com/p/news/opinion/opedcolumnists/not_worth_the_debt_tPmHeOgrp5qbKpoFxUt4hI