The New York Times is reporting on “blunt discussions on campus” after last autumn’s racial unrest. At the University of Missouri, a professor teaching a mandatory “diversity” course asked his students to think about why the tennis star Maria Sharapova earns twice as much in product endorsements as Serena Williams, who is a much more accomplished athlete. Excerpt:
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.