Popping the education bubble

The higher ed bubble is bursting, so what comes next?
http://washingtonexaminer.com/opinion/columnists/2011/12/sunday-reflection-higher-ed-bubble-bursting-so-what-comes-next/1969376

I like this quote best:

…homeownership and college aren’t causes of middle-class status, they’re markers for possessing the kinds of traits — self-discipline, the ability to defer gratification, etc.