Posted on 09/07/2022 9:44:29 AM PDT by SeekAndFind
Colleges and universities have been selling potential students a bill of goods for decades, assuring them that a college education was the ticket to economic success, and the more you paid for higher education, the bigger the payoff in increased earnings down the road.
That may have been true 40 or 50 years ago. But for most students today, college has become a luxury for upper-middle class and rich families who can afford the cost of a four-year degree. It’s either paid for by daddy — who doesn’t really mind his kid majoring in journalism or environmental justice — or by taking out loans to get a degree that will never allow the graduate to make enough in salary to pay them back.
And the colleges just keep raising the price of a four-year degree because their nanny — the federal government — doesn’t mind the increased costs. It’s a vicious circle of creating a need, offering a false solution, and then increasing the cost of that solution, which creates a need because fewer and fewer young people and middle-class families can afford college at today’s prices.
Everything was hunky-dory as long as the pool of college-age students willing to mortgage their future kept growing. But with college enrollments cratering, colleges are now going to be forced to cut costs or raise tuition substantially. Which do you think they’re going to choose?
The biggest problem with Biden’s student loan forgiveness program isn’t the immorality of transferring the debt burden from those who can afford it to those who can’t. It’s not even that the idea is unconstitutional and unfair.
The biggest problem with the loan forgiveness plan is that it’s an invitation to create another student debt crisis in a few years
(Excerpt) Read more at pjmedia.com ...
No doubt this was a reach around to the colleges for their loyal support. Like De Tocqueville predicted “THE AMERICAN REPUBLIC WILL ENDURE UNTIL THE DAY CONGRESS DISCOVERS THAT IT CAN BRIBE THE PUBLIC WITH THE PUBLIC’S MONEY’?”
And the circle is complete
And “conservatives” will still pay the exorbitant costs to have their kids “educated” by marxists.
By the time I retired companies were already discounting college degrees. If you wanted X job, you needed a certificate from a private professional organization like ASQC for quality and PMI for program management. You paid for the organization’s courses and to take their certification test. To maintain your cert, you needed to take continuing education which costs plenty of money or they’d cancel your cert which might cost you your job. There was no taking a different job unless you got that cert as well.
To most companies I dealt with you didn’t even need a college degree, just the proper cert. Many other top companies are now running their own internal colleges as the state college system is simply not turning out the product those companies want. Give it ten years and most private colleges will be out of business.
This was the plan all along. Keep paying the brainwashers in the universities to keep the progressive agenda going.
It’s even bigger than just college tuitions going up. Think of being a landlord for apartments or houses in college towns. They can TOTALLY raise the rents, because the loans students take out for them will now barely have to be repaid. Ten years of minimal token payments and no interest (under Biden’s proposal for future repayment) and that’s it. It’s no longer really a loan.
Remember that the majority of college expenses that student loans are taken out for these days (for public, in state colleges where 80% of students go) is not for tuition but room and board. For example, an in state Cal State student pays only $8k tuition, but $15K in room and board.
Even the pizza places and bars in college towns can raise their rates as much as they want. You heard it here first. . .
The problem is that still many employers toss resumes without college degrees into the trash. The majority of white collar employers of well paying jobs certainly do.
And studies are still showing that the earnings of those with college degrees greatly outpace those without, over time especially.
Also, do we really want zero conservative American physicians and engineers? They need college.
So conservative students still need college, to keep their options open for future employment and advancement. STEM is best and it’s hard to indoctrinate STEM classes.
DUH!! That was the intent.
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