Exactly. Also, I think it errs by treating all colleges as equivalent. Since the government subsidises educational loans there are many colleges out there that do not provide much of an education but mostly exist to siphon off those subsidised loans.
I think there are many colleges out there which are just not worth going to. Mind you, I am not an ivy league snob, I am not saying go to a top 50 school or not at all. There are many great schools that are ranked much lower.
But all of those for profit colleges that advertise heavily are mostly a waste of money. If you want to learn something, go to a school that is either public or private but set up as a non-profit and has an established reputation of supporting scholarship and research. Just forget about the ITT techs and universities of phoenix. Community college would be better than those.
I think the government is just too loose with the loans it subsidises.
absolutely. if people paid market rates for education loans, you'd see an increased focus on rate of return. And we'd also see an increased focus from schools on quality instruction in well paid fields and less spending on recreational facilities.
For-profit schools may not be as well regarded, but remember that they have to pay taxes while the others don't. And many get a lot of other subsidies as well. So the real costs are somewhat obscured.
they'd be more careful if they personally were taking on the real debt that makes the subsidies possible. instead, others are forced to take it on because they'll be stuck paying off a massive $13 trillion national debt.
its time people took responsibility for their own choices.
Every school that plays competitive college football advertises on TV during those games (if not also at other times). This includes Stanford, Notre Dame, UCLA, USC, Berkeley, and plenty of other great schools.
I think there are many colleges out there which are just not worth going to. Mind you, I am not an ivy league snob, I am not saying go to a top 50 school or not at all. There are many great schools that are ranked much lower.
But all of those for profit colleges that advertise heavily are mostly a waste of money. If you want to learn something, go to a school that is either public or private but set up as a non-profit and has an established reputation of supporting scholarship and research. Just forget about the ITT techs and universities of phoenix. Community college would be better than those.
I think the government is just too loose with the loans it subsidises.