August 9th, 2015
Many observers would agree that a lot of universities today no longer
champion liberal education but are little more than academic
corporations that bequeath to their graduates a degree in debt. Such
debts often reach six figures and require a lifetime to remit while the
lenders receive millions in interest and enrich themselves.
It’s been said that we often accept what we choose to get used to.
Sadly, we have chosen to get used to the corporate university with its
rising tuition costs, which are passed on in true business fashion to
the consumers (students and their parents). How many families can afford
tuition, room and board costs that often run $40,000 to $68,000 per
year — and continue to rise? Unless we favor education only for the most
affluent, the answer is that only few can afford college without
extensive borrowing. This cannot go on.
The effect on students is predictable. They are drawn to
technological and related programs (job training, actually) that seem to
promise sure employment upon graduation so they can repay their loans.
(This, by the way, is based on a myth, as the constant change in
technologies makes specific preparations soon obsolete). They defer
marriage and home purchases.