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> Only those that can afford the elite colleges (or be “smart” enough to get in) will be educated This is how it is today. The only difference is people are pa
by econnors 6y ago
> Only those that can afford the elite colleges (or be “smart” enough to get in) will be educated
This is how it is today. The only difference is people are paying $40k+ x 4years to "be educated" but they're not actually learning valuable skills.
> Yet somehow the common response to “college is expensive” is “get rid of it” instead of “make it less expensive.”
We've already tried making it less expensive. Students can get low interest rate loans to attend wherever they'd like – unfortunately that just leads to more colleges, more types of useless degrees, and increased tuition.
- keiferski 6y agoYet somehow the rest of the developed world manages to offer liberal arts degrees that don’t cost $50,000 a year. The trick is: don’t spend millions on football stadiums, don’t hire hundreds of administrators, and don’t offer student loans that are impossible to default on. It really isn’t that complicated, especially for the single wealthiest country in the history of human civilization.
- CapmCrackaWaka 6y agoI work for a consulting company which helps these struggling colleges. It's a difficult discussion to have. When you tell them that they are spending way, way more than they need to on administration, they usually 'ahem' and 'guffaw', especially when the implication is that the people in the room with you are part of the problem.
- ClumsyPilot 6y ago"We've already tried making it less expensive. Students can get low interest rate loans" What? Giving out easy loans doesn't make something cheaper, it makes something more expensive up to causing a bubble that will crash the rest of economy, like we did with housing in 2008.
- deleted 6y ago[deleted]