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I believe the university system aspires to produce thinkers, but doesn’t. Because it has become utterly polluted by non default government backed loans. If th
by chriselles 7y ago
I believe the university system aspires to produce thinkers, but doesn’t.
Because it has become utterly polluted by non default government backed loans.
If the government removed it’s college loan guarantee, what would happen?
Schools would have to transition instantly from offering unnecessary student experience and switch to essential student value.
In the automotive industry there are financial disclosure and lemon laws.
Car dealers have to disclose their finance profit as well as right if return if vehicle is unsuitable.
Shouldn’t the same or similar exist in education?
At the very least, universities should have to provide externally audited reporting on graduate employment %/$.
I’ve met too many young people with too much student debt. Some will never get out from under it, effectively indentured servitude.
So many university degree programs have negative ROI, partly due to the unnecessary experiences to attract student borrowers.
Trade school have such a stigma amongst those who aspire to have their children move up the human food chain, but really shouldn’t when you run the math.
This is the space that Lambda School and others are disrupting.
It’s a BIG space.
I suspect when it’s all over there will be hundreds of thousands of “white collar jobs” lost that exist only due to the government backed student loan competition over unnecessary and non value added experience.
Basically a repeat of the “manufacturing jobs” lost in the post dot com housing bubble.
Leaner and meaner will eventually have to come to the university system, removing a lot of expensive experience and hopefully some of the highly corrosive politics.