Posts Tagged ‘college cost’
Has college become a ripoff?
RICH LOWRY: Amid all the uplifting clichés at their commencement ceremonies, graduating college students won’t hear a line applicable to some of them – you got ripped off.
Student debt just surpassed the country’s credit-card debt for the first time. It is projected to top $1 trillion this year, according to the New York Times, when it was less than $200 billion in 2000. For the class of 2011, the mean student-debt burden is nearly $23,000, up 8 percent from a year ago.
There’s no doubt that graduating from college brings a significant economic advantage, but that doesn’t excuse the waste and self-satisfied lassitude of American higher education. Colleges appropriate tuition dollars from America’s students with an ever-accelerating voracity, yet don’t deliver any additional educational benefits – indeed, they do the opposite. Higher education is one of the sectors of American life that most desperately needs a thorough re-conception.
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