It's more correct to say that this is an economic bubble (look at academic cost inflation), within a larger societal change (the form of education is going to be massively disrupted).
It's not like the classic investment bubble since the investment in completely illiquid outside of purchase - making it a one way market. Also, education's affect on the majority of the people wasn't as beneficial as they were led to believe - therefore the "collapse" of this bubble won't kill those who've invested. Instead, it's going to hurt those who are directly/indirect selling assets into this one-way market: school, publishers, etc. when the population decreases demand.
In the mortgage crisis there was a sell-off bubble, but here this isn't relevant since there was never the possibility of liquidity except by extra "rents" generated by getting better jobs.
It's not like the classic investment bubble since the investment in completely illiquid outside of purchase - making it a one way market. Also, education's affect on the majority of the people wasn't as beneficial as they were led to believe - therefore the "collapse" of this bubble won't kill those who've invested. Instead, it's going to hurt those who are directly/indirect selling assets into this one-way market: school, publishers, etc. when the population decreases demand.
In the mortgage crisis there was a sell-off bubble, but here this isn't relevant since there was never the possibility of liquidity except by extra "rents" generated by getting better jobs.