What’s immoral are the outrageous prices charged by these so called institutions of higher learning.
That. Also,the fact that for 95%, or better, everything learned in our post-secondary institutions could be taught out in the workforce with better results.
The common thread here is that the consumer of the product/service is several steps removed from the payor for the product/service. The reason that more people drive Toyota Corollas than drive Mercedes S600s is that most people pay for their own cars. (A passing grade in Economics 101 should be a requirement for running for Congress!)
I so want the higher-education bubble to burst.
In either case, I'm not going for anything more than my BS until reasonable prices may be had.
Absolutely true. Even more outrageous to me is the practice of colleges raising tuition and fee rates with the express purpose of providing grants to the “needy”. So what happens is that students and their middle class families who do not qualify as needy end up taking out loans to pay for college costs and end up paying interest at least partially on loans from which they did not directly benefit. Meanwhile, the college promotes itself as being exceedingly generous with their provision of need based grants and scholarships.
I am always shocked by the number of people I meet in their 40’s who are still making student loan payments. At the current rates of student indebtedness, I expect that many of today's crop of students will not have paid off their student loans into well into their 50’s or beyond.
AMEN!