Re:Is college worth it? A return-on-investment analysis
by WkndTriathlete on Tuesday October 26, 2021 @01:20PM
(#29003216)
> decades of free flowing money from government backed loans to students
This, along with the perception that any college degree is a golden ticket, is the root of the problem.
The article mentions that 2/3rds of high-school graduates now attend college. That number is double what it was 30 years ago, and I'd argue that only a small fraction of that additional one-third should be getting a college degree.
My assumption is that a large percentage of the additional one-third is getting college degrees based in part or whole on free-flowing government-guaranteed financial aid, which is provided under the (mistaken) assumption that raising disadvantaged students up the income ladder can be solved by throwing money at them in order to get them any college degree.
There are other funding mechanisms possible, but after decades of free flowing money from government backed loans to students, university budgets are extremely inflated and should be substantially cut back if we expect someone else (I.e. taxes) to be paying the tuition.