| College is an interesting situation. It might be argued that collectively we all have an interest in seeing a more educated society, regardless of the earning power. It might also be argued that collectively we need to focus more on not "going to college" but instead focusing on things like "learning a sustainable trade". And, for an individual looking to maximize earnings & employment, a bachelor's in STEM/business is still a really good buy, supposing you didn't go to $$$ SLAC/Ivy League. Whereas subjects that are less fiscally shiny lead their students into a dark hole of debt. One solution is to simply collectivize the cost: everyone gets free college. That's really expensive and without good cost controls, well, is susceptible to being taken advantage of. Another solution is to go at colleges with the dieting plan. That's the current one. IMHO, that's exactly the wrong way to go about it. Another solution is to aggressively force state schools to cut overhead; i.e. cut the administrator staff. Well, asking people to fire themselves is sort of utopian, doncha think? :) --- I don't really buy any of the solutions that I currently know about in the US. My thought is that there are far too many colleges in the US. Too many states trying to stretch too few dollars over too many campuses. I instead think that federal funding should go to a select few - perhaps three or four - in the US. These colleges would be fully free and fully funded by the feds. Professors would be encouraged to congregate there and focus on having huge departments where all sorts of research could go on. The overhead per college is so high; it's considerably more scalable to focus on having a few large campuses than the small ones everywhere. Each campus requires a mini admin to be set up. Worse, the larger a department is, the more interesting collisions can happen: small departments work against this by not having that interesting person to run into(they are in the other state). Anyway, that's my undercooked idea to help college education. Education in the US is, I think, a wreck, and it has a variety of causes. Among them, the historic anti-intellectualism of Americans, the loss of historic mission, the rank foolishness of levelling egalitarians, the shrinking dollars for defense research, etc. More causes could be added. |
By the way, it also seems that student loans for US students mainly consists of tuition payments. There is rarely any mention of livings costs which I find curious. Do people just take it for granted that the parents will pay that part? Myself, after 5 years, I was roughly $50,000 in debt, all of it living expenses (note, that's only $10,000 a year in a country with high cost of living). My family didn't (and didn't have to) pay anything to put me through college. From what I can tell, this is the norm here, students take loans for their living expenses and parents are not expected to support them.