More evidence that the college tuition bubble burst is looming on the horizon.

One observation that I find particularly aggravating:

6) Schools are spending on luxurious amenities to lure in more students

Flush with student loan money and wanting to attract even more, colleges are increasingly spending on luxury dorms, gyms, swimming pools and other amenities.

What’s the deal with the fancy student centers and other over-the-top expenditures? Schools seem to engage in never-ending building initiatives that consume millions of your tuition dollars. But I really doubt the quality of the education they provide is enhanced one bit by an on-campus Starbucks.

But, let’s face it, competing for students isn’t always about offering the best education possible.