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This is a firm misunderstanding of the issue at hand. The real problem is less the large universities but the area under the curve. Notably...community college
by agloe_dreams 3y ago
This is a firm misunderstanding of the issue at hand.
The real problem is less the large universities but the area under the curve. Notably...community colleges. These ask for only ~$20k for a degree but the degree is sold to be worth more than it is (virtually valueless) and the Finance departments basically shovel students in, have them fill out a form, and tell them "you were approved" and the student never sees the interest rates, payments, or rough estimated profit of the degree. A large college has to answer to regulatory pressure..the little ones though are the real evils.
- everybodyknows 3y agoNot doubting this, but -- sources?
- chiefalchemist 3y agoThe Higher Edu Industrial Complex and the society has created the perception of a need (for a four year degree) and has stigmatized alternatives (i.e., trades). It's been a collective effort. The fact that so many of the students taking on the loans have no concept of debt, compound interest, costs of living, etc. boggles the mind. And sacrafic? And adversity? Not even on their radar.