Education is a bubble in a classic sense. To call something a bubble, it must be overpriced, and there must be an intense belief in it.

There have been a lot of critiques of the finance industry's having possibly foisted subprime mortgages on unknowing buyers, and a lot of those kinds of arguments are even more powerful when used against college administrators who are probably in some ways engaged in equally misleading advertising.

If you borrowed money and went to a college where the education didn't create any value, that is potentially a really big mistake.

Peter Thiel Quotes