Why the Higher Education Bubble Must Burst (Cliff's Notes Version)

Here, from Business Insider, is a pithy, "Cliff's Notes" summary of why the bubble in college education is going to burst soon (and very soon):

If you had to sum up the education bubble in one misconception, it might be: “The average 22-year-old is a good credit risk for $150,000 in debt, collateralized by something completely intangible.”

Via Instapundit. 

Oh, by the way, the Business Insider article is all about how to make money off the bubble bursting by short-selling stocks in for-profit colleges (Kaplan, DeVry, etc.) and student loan companies.   Scary.