raising4daughters

The New Reality for Higher Education

The problem is that Americans have been placing TOO MUCH value on all degrees. Higher education is in the same boat as real estate....buyers leveraged themselves to hilt to buy the product (home or degree) and then realized they couldn't pay the note.

In 1972, a private school grad could easily get a starting salary equal to all 4 years of tuition, and that starting salary would buy a luxury car.

In 2009, that same grad (if s/he can get a job) will have a salary equal to the cost of a luxury car (say $30-40k), but that only buys 1 year of tuition at the same private school.

The greedy bankers, the ever greedier public sector, and "no price is too high" NPOs in healthcare and education are squeezing every last nickel from Joe Lunchbucket and Sally Bookkeeper, and that's why we're in such a mess. Throw in a couple wasteful wars and the treasure chest in gone, kaput.




On Jul 24 10:31 AM ChickenLips wrote:

> It's unfortunate that America doesn't value a broad based education
> in the arts & sciences any longer.