I received a scholarship for both my BA and MA, so this is a bit of tough pill for me to swallow, but after reading this article, it makes sense to me. It seems this is another case of good intentions leading to disaterous results. I've also been hearing that the "college debt bubble" is going to bust soon, which could lead to another recession. Anybody have any thoughts on this?
See here. And here.
That article by Gary North made a good point. It can't be a bubble because it looks like we will continue to throw dollars at it.
MDay1985:It seems this is another case of good intentions leading to disaterous results.
Not really, that is the intention. Keeping education scarce and a privilege of the rich. We wouldn't want those dirty poor kids to outperform the children of the elite by getting cheap education, would we?
MDay1985:Anybody have any thoughts on this?
Yes. Separation of school and state. Let everyone finance their education by selling shares of their future income.
EmperorNero: Let everyone finance their education by selling shares of their future income.
Let everyone finance their education by selling shares of their future income.
I had a thread (albeit not very well accepted) on this a while ago. I still think it's a very good idea.
MDay1985:That article by Gary North made a good point. It can't be a bubble because it looks like we will continue to throw dollars at it.
Literally just found these:
The Bubble in For-Profit Schooling
Why Law School Costs So Much
The Education Bubble Is Fuel for Revolt