The Higher Education Money Pit
By Martin Hutchinson
The common assumption among policymakers is that, in order to maintain its higher living standards against emerging markets competition, the United States must invest more in higher education. To achieve this, the government has instituted a massive student loan guarantee program, with over $1 trillion outstanding and an average of $25,000 in debt for every graduating student with debt. Yet millions of students continue to graduate with degrees that have no obvious real-world benefits. There’s a disconnect here, and it is beginning to appear that the current U.S. obsession with higher education is misguided.
- The Great Cost Shift: How Higher Education Cuts Undermine the Future Middle Class (hollymccracken.wordpress.com)
- Rethinking Higher Education Business Models (hollymccracken.wordpress.com)