4 ms·
this assumes that college graduates can get better jobs because of their degrees. This is not true for everyone. And is largely false for college dropouts, wh
by dgoldstein0 7y ago
this assumes that college graduates can get better jobs because of their degrees. This is not true for everyone. And is largely false for college dropouts, who can end up with a large fraction of the debt from trying to get a degree, and none of the value of the degree.
It's really unfortunate that we changed from an attitude that education is a public good that benefits everyone - e.g. employers getting access to a more educated workforce, the economy being better for everyone, etc - to it being an investment in individual people, that those same people are then expected to pay for up front.
- prirun 7y agoTo me, the biggest problem is that universities have hired huge administrative staffs that are largely unnecessary, and students are living in posh dorm apartments instead of the concrete block buildings back when I went to college. If student loans weren't so easily obtainable, universities would have to cut their administrative staff and become more efficient. As long as the money is flowing in, they have no incentive to do that.