We’ve completely removed free market controls from higher education and then wonder why it’s not working well. If I was loaning money to a student, I’d be very interested in their chances for success, as it would directly relate to their ability to pay back my investment. We don’t do that. We taxpayers basically guarantee a college education to everyone without regard to their choice of degree or ability to someday repay the loans.
We have an over credentialed society, and government makes the situation much, much worse by demanding degrees for a slew of jobs that don’t really require them. Then we hand out money left and right to students who don’t have to do much of anything to earn it. People don’t generally appreciate things that are handed to them, but we have government/education industry collusion that will ensure the status quo is maintained until the country can simply no longer afford it.
“Big Education” serves as a conduit to route huge amounts of borrowed money to colleges who employ Democrat supporting profs and admins at excessive salaries.
Once again the Dems have created a beautiful system.
“We’ve completely removed free market controls from higher education and then wonder why it’s not working well. If I was loaning money to a student, I’d be very interested in their chances for success, as it would directly relate to their ability to pay back my investment.”
If this was privatized, the problem would correct itself immediately. Actually, in many countries, the problem doesn’t even begin to exist. If you don’t pass the tests, you don’t go to a public college or university. Period.
I can already smell a bailout.