I agree that the cost of a college education is increasing, perhaps disproportionately, because demand is so high. However, I would not call higher education a bubble: as an undergrad, I have found that my education does not lack rigor or intensity. I have learned an incredible amount in a very short time, and for me, the personal value of a college education (disregarding the value perceived by society) far exceeds the cost. (I'm studying at MIT, so perhaps my college experience is different from the norm.)
Many people at MIT drop out to start companies or work at startups. I don't know how common this is at other schools, but at MIT, "so-and-so dropped out to work full-time at his startup" is not an unusual thing to hear. It seems to me that students value their degrees less than society does.
Many people at MIT drop out to start companies or work at startups. I don't know how common this is at other schools, but at MIT, "so-and-so dropped out to work full-time at his startup" is not an unusual thing to hear. It seems to me that students value their degrees less than society does.