Higher Education Bubble
Families Depending Less on Student Loans
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  • Fat_Man

    “Meanwhile, public schools will soon have to rely more on tuition than on state funding.”

    Well they could try a revolutionary new strategy* called cutting costs.

    *It is not really that new, but no one in Academia seems to have ever heard of it.

  • aez

    And my daughter is one who will need for some of the liberal arts colleges to be there, in a few years. I went to one, and the value is immeasurable.

  • teapartydoc

    The smaller institutions, for the most part, got fooled into playing a game that was going to mainly benefit the large state schools. By accepting federal funds, and enabling the indebtedness of their students and alumni they created a situation in which the bond that once was held between these and those became more tenuous. One does not see the love for the old alma mater displayed as it once was, and many of the old grads now send their sons and daughters to community college, followed by state university. Consuming at the federal teat made the milk of higher learning unaffordable, even with and despite subsidy, and since the economy supporting this state of affairs did not grow commensurately, the return on investment of the enterprise declined, giving us a situation where something’s gotta give. The small fish are now watching their dinner being eaten by the bigger ones, and they are beginning to starve. The big fish are looking for new sources of food (out-of-state tuition and foreigners at the expense of local talent whose parents are told they need to continue to finance “education” while they watch their purchasing power go up in smoke in a Keynesian “stimulus”).
    It’s funny how almost the entire leftist movement is built on the notion of worker alienation that was co-opted by Marx from the writings of a Prussian conservative named Lorenz von Stein. The irony to point out here is that the people they idealize about are becoming alienated from the institutions (Have a laugh at the fact that they are holdovers from the Middle Ages and feudal society) that they most love, and that their love, like that of Lennie Small, is squeezing the life out of the object of their affection. In the film Breaking Away the young protagonist is shown the grand limestone buildings of the local state university by his father that he had helped to erect. The Dad explains to his son his feelings of alienation, but he also encourages him to attend so he can have a better life (at least that’s how I remember it). I don’t think too many people feel as strongly as I do about things like this, but I work for my old alma mater, and my level of alienation is so strong I can’t wait for it to collapse. I suspect most will simply watch disinterestedly and, after decades of being told to be more European, will look over their shoulders and shrug like the Frenchmen they’ve been trained to become.

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