Higher education: bubble, bubble, toil and trouble
I entered college in the 1990’s. Yes I was a slacker. When I finally graduated in 1999 I though it would be easy for me to get a job. Boy was I mistaken. I wound up in the army due to problems shopping around a resume that mostly had time in school. Time I needed to get my graduate degree (that I never finished).
I should have just gone into the workforce. I’d have been happier and would have had $$$.
Glen Reynolds writes about the bubble in higher ed and the correction soon to follow:
My reasoning was simple enough: Something that can’t go on forever, won’t. And the past decades’ history of tuition growing much faster than the rate of inflation, with students and parents making up the difference via easy credit, is something that can’t go on forever. Thus my prediction that it won’t.
But then what? Assume that I’m right, and that higher education – both undergraduate and graduate, and including professional education like the law schools in which I teach – is heading for a major correction. What will that mean? What should people do?
Glenn Harlan Reynolds: Further thoughts on the higher education bubble
(h/t: Big Government)
Students are encouraged to take out loans. Loans have to be repaid. Have. To. No exceptions. The debt is crushing students and former students. One Newsweek columnist called it a “mortgage on my mind.”
With the sour economy, fewer people will seek a college degree. Not that they need it. Many jobs, even in IT, don’t requite anything beyond a high school diploma/G.E.D. and on the job training. Many books are out there to help anyone become a network admin, mechanic etc.
I hope colleges stop with the bullshit and actually get back to teaching. I had a prof in the counseling program complain that a student wasn’t “radicalized” enough. Gee, I thought the purpose of the helping professions was to, ya know, help. Silly me! Profs like her make college the time and money sink it is.
The whole idea of college as a “right” stems from the post-WWII G.I. Bill. With the draft, many young men now had access to college that wouldn’t have had it in the past. College was for the well off for a reason. It cost serious money. As returning GI’s were able to earn more they were able to send more of the kids to college. Couple that with the post war economic boom and more kids went to college.
However colleges and universities became hotbeds of radicalism. Having grown fat off the GI bill and student aid programs of the 60’s and 70’s, colleges raised tuition. This allowed (and still allows) asshats like Ward Churchill to spew their bile on your dime.
Now, with a crippled economy, more jobs that can be had with other types of education and parents balking at the high cost, the ivory tower is drowing in red ink.
If colleges taught courses that you could use, they wouldn’t have funding problems. Students can read Das Kapital and other tripe on their own time. Teach science, teach history (w/o the leftist BS), prepare us for that real world. If I want to hear about how unfair life is and how socialism is better, I’ll watch a Hollywood movie.
Seriously, if colleges and universities got back to teaching science and real art and history I’d go back.
Sadly, the military may not be able to help evey one. Those in power are working to balance the budget on our backs. They see our benefits as “too generous.” despite needing our bases to employ people in their districts.
I hope they reconsider. We work hard for them. They need to do the same for us.
This ain’t hell has a college guide for vets.