Glenn Reynolds: The bubble in higher education is heading for a bust. The whole thing sounds a lot like the housing bubble. People are willing to go deeper into debt, credit is easily available, but the payments are a killer. And you can't just walk away from a student loan like you can a bad mortgage.

Is college really a pathway to prosperity? 1. You can  pick up a skill like nursing or computer programming. 2. You can earn a credential that employers want even if they don't care what you know about English literature. It shows them that you are willing to show up for work on time. 3. You may, repeat may, hook into a social network that can include jobs and opportunity.

You should shoot for No. 1.