Reason TV Best of 2014: Higher Education Bubble Will Only Get Bigger Next Year

One trend that is unlikely to reverse course in the new year is the high cost of a college education. As more colleges announce tuition rate hikes for the coming academic year, total student loan debt is now estimated to be $1.2 trillion and growing. These massive spikes in college costs are leaving many millennials with crippling debt as they enter an unstable job market. Blogger and author Glenn Reynolds talks to Reason TV about the looming burst of the higher education bubble and how young adults are becoming wiser when it comes to student loan debt.