August 19, 2016
Saddled with $1.3 trillion in student loan debt and surging college textbook and tuition prices, students are seeking solace. According to a July survey by Bankrate.com, 62 percent of Americans support making higher education prices free. Democratic presidential nominee, Hillary Clinton, has even proposed eliminating tuition for families with incomes up to $125,000.
In this prescient study, penned long before the recent spate of articles proclaiming higher education’s potential demise, socionomist Alan Hall forecast a massive shift in society’s positive attitude toward higher education and the eventual collapse of the credit-fueled, government-supported education bubble. Hall’s analysis goes beyond linear economics to reveal what’s really behind the problems in universities today.
If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.