The Moral and Intellectual Bankruptcy of Academia

[mcjaredsandwich]

I'll say this...We thought the financial collapse was bad in 2008 when the low interest rates for mortgages caught up with people who couldn't pay their debts.


Now, every 18+ year old coming out of high school is told their only way to succeed is to get a college degree. Tuition rates are increasing yearly and college textbook prices are through the roof. A kid graduates from school, some are passed through with failing grades, and the kid is told they have to have a college degree to be successful.

Colleges are more than willing to hand out a student loan to some kid studying an art degree, general studies, business, agriculture, economics, engineering, etc., and MOST students are middle of the road students. We have kids spending upwards of 100k on a BACHELORS degree with no real job opportunities coming out of school. 100k to pay back is a hefty sum, I don't have a doubt in my mind that the government backing student loans will be the next major financial crisis.