Breaking newsworthy news story: a college, in America, will not charge as much this year as it did last year. That's right: Sewanee, the University of the South, in Tennessee, will cost 10% less this year than the $46,000 it cost last year. This moderate price cut at an otherwise unremarkable regional college earned stories in the New York Times, Wall Street Journal, and the Washington Post.

Yes, there is a higher education bubble.

[Photo: spakattacks/ Flickr]