Higher Education: The Next Bubble? Andrew P. Kelly Research Fellow American Enterprise Institute

Signs of A Bubble? AA/Some College

Stagnant Returns?

Shortsighted View (Zoom Out)

Wage Gap Has Grown (With Hiccups)

Insulation From Economic Woes

But The “Bubble” Is Useful “Bubblers” focus our attention on two issues that leaders must confront going forward: QUALITY and COST

Challenges Rising Expectations Capacity Constraints Remediation What Works? Problems of Scale Mission Creep

Opportunities for Reform Rethinking scope and program structure Differentiation across institutions Leveraging technology Unleashing entrepreneurs Learning from competitors Partnerships