4 ms·

The thing that is missing from the education industry that is present in others, especially those receiving lots of taxpayer money, is appropriate oversight. M

The thing that is missing from the education industry that is present in others, especially those receiving lots of taxpayer money, is appropriate oversight. Many of these institutions are selling shoddy products to gullible buyers. If getting a student loan did not involve a government guarantee, you can bet that there would be much more scrutiny of the product being purchased and of the students progress. The government is grossly distorted this market by pouring in money for products that will not pay out, and by not providing appropriate feedback as to the quality of the wares. It's all very fine for someone to spend their own money and time on a degree where employment prospects are low and pay is low. This is called a hobby. It is not alright for precious taxpayer money to be spent on frivolities or hobbies.

athenot 7y ago
> Many of these institutions are selling shoddy products to gullible buyers. Your point is about universities or higher learning institutions and is spot on. But I'd say that even applies earlier on, starting in middle school. I distinctly remember being "sold" various career paths that were deemed noble but without the caveat of dim economical outcomes. Fortunately for me, I already knew I wanted to be a software developer and I stuck to my choice despite there not being much support from an academic side, at least not until much later. I knew back then that this is what I liked AND that this led to comfortable wages. Money is not everything in life. BUT economy realities need to be disclosed to young students.