College 'bubble' is about to burst

College 'bubble' is about to burst: "Fueling the current college admissions frenzy are the 'baby boomletters' born in the late 1980s and early '90s. By 2009, the last of them will reach college age, heralding the first sustained decline in the number of graduating high school students in nearly two decades.

The drop is expected to be about 4 percent nationwide, but far sharper in the Northeast, according to the U.S. Department of Education. In Pennsylvania, a 10 percent decline is predicted. New Jersey's larger, and growing, Latino and Asian student populations mean that state probably will fare better than most, with an anticipated drop of just 2 percent."