According to the recent ZeroHedge article "The Math Doesn't Work" - Americans Are Losing Faith In College" , people still value education. However, when it comes to college, they see that the return on investment is close to zero due to the high prices (http://www.zerohedge.com/news/2017-09-08/math-doesnt-work-americans-are-losing-faith-college).
Further, Peter Schiff walked around Bourbon Street in New Orleans asking people about their college education. See the result - nearly every employee has a college degree:
There is another harbinger regarding the upcomming everything bubble burst.
By now, everybody knows that the current stock market, real estate and (probably) crypto curency rallies are fueled by central banks' cheap money policy.
However, according to John Cryan (CEO of Deutsch Bank) the era of cheap money in Europe has to come to an end despite of the strong Euro. The banks have to find a way in order to avoid a drastic index decline.
In other words, it is just a matter of time when this everything bubble will burst due to the lack of cheap money and it will not be a nice sight:
Nice insights! Wasn't aware that if the economy would become worse, less people will go to college / universities since it becomes too expensive. :o