There is a notion out there that the next economic bubble to burst will be in education. The longer I stay in grad school, the more obvious this becomes. Heck, the SUNY system (including Stony Brook) provide a pretty good case study in where things are starting to go wrong. Its sort of terrifying actually. I have a lot to say about all of this, though no time to organize my thoughts presently. With any luck, I'll be able to write something substantial in the next week or so.
I stumbled upon a Frontline documentary that provides some perspective on where higher education is, and where it might be going. The issues we're facing are actually much larger and much more pervasive than just the rise of for profit universities, but the documentary is still worth checking out. This sort of thing is one of the reasons why the "How Research Works" posts are becoming increasingly cynical.