College has morphed into a Ponzi scheme.
One of the main reasons why college has become so expensive is that states
across the country have backed away from supporting state schools. Here in
Wisconsin state support in the 1970's was almost half of the UW budget.
Today the state has cut that amount to less than 20%, and the cuts keep coming.
Student tuition and fees make up the difference. Then conservative voices cry
out that education is not worth the investment.Whenever someone in
power begins to question whether or not there is value to providing education to
the common people, we'd all better sit up and pay attention. The climate
of devaluing America's children does not bode well for this country.
I have looked recently into the various studies about college attendance and
college worth, and I have a major question. I cannot see where the cause and
effect have been established. It is assumed for purposes of the study(s) but
there is no visible attempt to address whether the personality of the person who
decides to pursue more education is the reason for the disparity in income. I
have a BS myself and I know several dozen others with BS degrees and from my
experience and observations the income of this group is more heavily influenced
by their individual drive, motivation, and values than the presence or quality
of a 4 year or more post high-school education.
The letter writer ignores the fact that many graduating from High School do not
have the financial means to go right into College. Those who do are saddled
with tens of thousands of dollars of student loan debts. Also, how many are
simply not interested for whatever reason to continue an education that may or
may not pay off.What's missing in this discussion is a High School
experience that will train a HS student in a technical field along with standard
curriculum. Once completed, he or she can walk into a job but not at an
apprentice level. There was once many Technical High Schools in the Country but
the selling of a college degree simply got out of hand. There are several
studies that prove a HS graduate with a major in an 'in demand' field
will make more in a lifetime than most college graduates when you factor in the
cost of college. I can say that because I am a graduate of a Technical HS in
the '70's having spent 3 years learning electronics. I parlayed that
later to a BS Business and later an MBA. Attending a technical HS is not a dead
It may be a "new" study, but all the old studies said the same thing.
Why there is a push on the conservatives side to steer kids away
from college I'll never understand. All we need is cheaper college and
since sites like coursera and khanacadmy are proving that digital education
media has a near $0 distribution cost, there really is no excuse for for our
current college cost situation.