Let’s put this into prospective.
First, Up until the 1950’s...if you went to college....you studied math, science, engineering, medicine, history, or philosophy. Today, you have the core subjects, but we’ve added around forty additional topics which are mostly worthless in nature. We aren’t even ashamed to admit that they are worthless in nature.
Second, no one in high school is educating kids on economics. If you went to a 16 year old kid and laid out the problems of assuming $60k of debt at age 21 (or for that matter....$100k of debt)...how would you pay this off over twenty years? The 16 year old kid would come back with his project, and be utterly shocked as to what he has to give up for twenty years....to pay off the debt. He’d likely agree that two years at a community college was more than sufficient to accomplish his goals in life.
Third, we have an entire generation of professors who are completely wasted and overpaid. If the college came up today, and laid Professor Watson off at age 55, with his background in diversity....he’d likely be working as a shift manager for McDonalds within two years. There just isn’t a real occupation for diversity....in life.
Fourth, no state legislature is willing to walk in and clean house. No one cares if tuition at the state-run college runs around $18k a year, and it’s killing the future of the state by creating a massive wave of debt within twenty years. Most state universities would forbid state legislatures from even opening their finance books.
Fifth, and final....if we were turning out one of every three students to be an engineer or scientist...the investment might be worth the effort. But we are lead to believe the vast number of folks with degrees coming out today....have no engineering or scientist value. Heck, there’s probably two thousand sports management kids graduating this summer, and hoping to get some job related to sports...after four years at a college.
There is something wrong here, but we just aren’t willing to fix it. And this balloon is likely starting to bust within a decade.
Part of the problem is that "we" can't fix this. "I", as in each individual, must fix it by making the choice to learn employable skills instead of "lebianism and how it relates to ethnicity" studies.
There are options such as trade schools, or even employable skills in college. Unfortunately, those who choose to learn trades are going to have to bail out those who chose Liberal Ideology Education Studies (LIES).
As far as I'm concerned, this 'education bubble' isn't the same as a 'housing bubble' etc. UNLESS the government is going to step in and bailout all of these HS college wannabes with a worthless degree. These people should have to pay for their loans (e.g., the free money they thought they'd never have to pay back)....