Posted on 11/19/2022 3:21:35 PM PST by karpov
A federal judge in Texas ruled late last week that President Biden’s plan to cancel student debt is unconstitutional.
It was a wise decision. Biden’s boon to borrowers would cost about $400 billion — a stiff price even in our bloated age of trillion-dollar deficits.
Furthermore, forgiving student debt hides the real villains: the universities. America’s colleges, under the cloak of enriching young minds and imparting skills, run a scheme that would make Sam Bankman-Fried blush. Every year, they lure hundreds of thousands of students into debt servitude so they can get paid billions in taxpayer dollars and then leave students and taxpayers with the tab.
We cannot enact debt cancellation programs every 10 years. Instead, universities should be held accountable for fraudulent advertising.
Higher education is obviously in crisis. There is currently $1.7 trillion in outstanding student debt. The cost of college has gone up more than 400 percent in real terms since the mid 1970s, and we all know the education students receive is not four times better than it used to be. In the humanities, there is convincing evidence it has gotten worse.
About 39 million Americans are college dropouts. One out of four freshmen drops out by the end of their first year. Only two out of three make it to the end of the program, which for many takes six years. Then there are the baristas with PhDs and the Uber drivers with MFAs. Clearly, college for all is not the surefire ticket to the American Dream.
For these past sins, rather than ask the government to clear the debts, we all might be better served if indebted students formed a class action lawsuit against the universities for fraud.
(Excerpt) Read more at nypost.com ...
Let the overpriced universities pay from their untaxed endowments, since they’re the ones charging for the unmarketable degrees.
Bring back the guilds. Work for 8 hours and go to school for 2 hours, as well as self study.
Worked for hundreds of years.
Where would people with Wiccan Lesbianism degrees get a job if not for college???
I have taught college for 35 years. 80% of them should not have been in college. College for any people is a social club, at taxpayer expense if Biden gets to forgive student loans.
Make them work at Pep Boys and do construction.
Fire and remove power from the simpletons that are HR.
That’s a lot like the Auto Repair programs at our local community college.
The unions representating the building trades have great apprentice programs. The Seafarers International Union has a fantastic apprentice program in which a young man or woman can go from ordinary seaman to captain, wiper to chief engineer, from messman to master chef.
yep, pushing stupid kids who have no business in college to go, and who will either fail out or take worthless degrees and spend a couple of years slipping between the legs of single girls who demand abortion only to later get the same job they would of gotten to begin with, but now with crushing debt that everyone else is now expected to pay off is nuts.
Why aren’t the colleges and universities refunding the money to the dummies who can’t make enough money to live like a millionaire and still be able to pay their bills.
Thank you for sharing this. I have maintained for a long time that 75% of the kids that “go to college” are wasting their time and money. A good trade school is what they need. In fact, some trade schools offer kids a chance to get started learning a trade while still in high school.
The year the Guaranteed Student Loan was started my tuition DOUBLED!
And it doubled every year after that!
“...the real villains: the universities.”
True. But let’s not forget the employers. Used to be you had to have a high school degree (or several years work experience) to get a job with a future...and even sometimes one without much of a future. High school degrees became devalued and the employers upped it to a college degree. For many jobs it didn’t matter what degree as long as it was a degree.
This eased the burden of selection for the employers, but many capable people were not eligible for employment for lack of a degree. So, many people who had no business in college, or real desire to be there, went to college because they were told that was the best way to get a job with a future. And the colleges grew to fill a “need”.
Now we have a mess. Many degrees aren’t good for anything, not even knowledge for it’s own sake, and many degrees have little value while they are over priced.
Being college educated, I don’t have a solution.
Fully agree.
One of my sons is an OTR trucker. He loves what he does and make excellent money.
He lives 700 miles from us and was going to surprise us by getting routed to our place for the weekend.
A drunk driver his his parked car the other day and the police tracked him down through us so he lost the surprise. His pickup is probably totaled but he’s got enough saved up from a few months on the road to buy another one.
For whatever reason, critical masses of people, think their children should go to college. Critical masses think that a college degree is the ticket to the middle class, and/or a good job / good living. Critical masses of those same people look at trade schools, or manual work of any kind, as beneath them. They and their kids envision that college will get them a good job in a corner office, and sit at a computer and not have to get their hands dirty, and earn a six figure income for that.
Many people just have unrealistic concepts of how the world of work is.
Work, trade school, apprenticeship program, learn a trade get your hands dirty, sweat? Are you shitting me? I’ll die. How can I run my phone texting and fix a tire or food? No way dude. /s
By the number of students who have to take remedial English and remedial math when they start college, I would agree.
They were undervalued because of USSC decision - Griggs v. Duke Power Co. This artificially created a demand for BSs\BAs. They became a way of prescreening candidates since any other way ran afoul of lawyers interpreting the decision.
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