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The Water Cooler
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Billionaire's gift eliminates student loan debt for 396 students.
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<blockquote data-quote="Ethan N" data-source="post: 3236173" data-attributes="member: 29267"><p>People (including employers) need to stop treating college education as just a step down the path to a job. Do third-graders learn history because it will help them get a job when they’re 22? The same kind of value exists in higher education, only greater. Trying to turn colleges and universities into career-generating machines is one of the things ruining higher education in the US.</p><p></p><p>And if we want tuition and other costs to go back down, we have to stop guaranteeing student loans. Government-guaranteed loans cause artificially high demand which outstrips the supply of higher education which requires prices to be very high.</p><p></p><p>The market says you can only choose two:</p><ul> <li data-xf-list-type="ul">Majority of Americans obtain a college education</li> <li data-xf-list-type="ul">College education is affordable for many Americans</li> <li data-xf-list-type="ul">College education is high-quality on average</li> </ul></blockquote><p></p>
[QUOTE="Ethan N, post: 3236173, member: 29267"] People (including employers) need to stop treating college education as just a step down the path to a job. Do third-graders learn history because it will help them get a job when they’re 22? The same kind of value exists in higher education, only greater. Trying to turn colleges and universities into career-generating machines is one of the things ruining higher education in the US. And if we want tuition and other costs to go back down, we have to stop guaranteeing student loans. Government-guaranteed loans cause artificially high demand which outstrips the supply of higher education which requires prices to be very high. The market says you can only choose two: [LIST] [*]Majority of Americans obtain a college education [*]College education is affordable for many Americans [*]College education is high-quality on average [/LIST] [/QUOTE]
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Billionaire's gift eliminates student loan debt for 396 students.
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