Hard times and education

This article shows an interesting point about the continually changing dynamics in our economy. As the recession hits, trade schools see more enrollees as they feel a degree will get them a better job. However, some argue that these institutions can't deliver what they promise. Also, these trade schools collect a lot of Peel grant and other grant money from the government, and perhaps this money could be better used where it is most needed. This is evidence of another potential adverse selection and moral hazard problem.