Another bubble has burst. This time, it's community colleges and the record enrollment surge they've enjoyed during the past few years.
Locally and across the nation, these two-year schools are reporting significant drops in the number of students signing up for classes this fall. Higher education experts are calling it a market correction.
Part of the problem, they say, is that there just aren't as many students to go around, with high school classes getting smaller each year. Also to blame is the economy, whose gradual improvement is encouraging some students to choose pricier four-year schools or to skip college in favor of work.