The War Against the Young: Student Loan Total To Hit $1 Trillion
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  • Luke Lea

    “The American educational system works pretty well at the top; you pay a lot of money to go to Princeton but the experience is worth a lot and your prospects coming out are not bad.”

    Especially when you consider that the average Princeton graduate leaves with sutdent debt of $6000, the lowest in America. At Harvard, if the student’s family income is below $40,000 tuiton and board are gratis.

  • Noah

    “…governments,educators, accreditation boards and employers need to work on some radical changes that make it possible for young people to learn what they need to know…”

    A lot of employers would be OK with using aptitude (i.e. IQ) tests for entry-level positions. Many just want people who are smart, trainable, and have good work habits. In a little-known but disastrous ruling from 1971, Griggs v. Duke Power, the Supreme Court said that such aptitude testing was (sigh) racist, disallowing its use for private employers. (The ruling has not affected the military, which has used aptitude testing successfully for decades, demonstrating that our judiciary has been hijacked by ideologues and fools.)

    By the way, Mr. Mead, why would educators and college bureaucrats want to change a system that has provided for them so generously? Why would colleges favor changes that mean, ultimately, less moolah in tuition and fewer loyal alumni for future donations?

  • Alex Weiner
  • Malesch Morocco

    You’ve been reading Charles Murray!!!

  • bob sykes

    Noah is right. The primary beneficiaries of the $1T or so are the college faculties and administrators. Right now, the banks are holding paper that might or might not be repaid. Whether or not the students got any benefits depends on their alma mater and their discipline. An engineering degree from MIT is as good as gold.

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