Student Loan Debt is a cancer for our society. This misconception that getting a college education equals a steady career has been dashed by the recession. For-profit colleges pray on undereducated and low-income individuals. Text book prices have risen exponentially while the cost of a quality education has as well.
Source: DailyInfographic.com
“The real question now is whether continued pressure on for-profit colleges will result in further closures and more petitions from hundreds of thousands of students with tens of billions of loans they now know can be legally discharged.”
That’s what we said last May when disgruntled students from the now defunct Corinthian Colleges began to press the Department of Education for debt relief after the government accused the for-profit institution of using fraudulent recruiting practices.
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
Mankiw's claim that college costs are the inevitable result of Baumol's Disease is pure self-serving rubbish.
Robby Soave highlights a perfectly horrible proposal that may become policy at American University. Excerpt:
A South African mayor has awarded 16 young women scholarships for college education based on a virginity test. The mayor hopes this may encourage other young people to be “pure and focus on school.” The move is intended to encourage other young people to continue with their higher education and remain focused on achieving a college degree or certificate instead of a pregnancy.