$1.3 Trillion Student Debt And The Case For Free College Education

-A +A
0

Photo: www.Godfatherpolitics.com

[Comment]

In the 1960s, I attended the University of North Texas. It was a public school blessed with good teachers and an educational culture focused on enabling us students to become socially useful citizens. And it was affordable — with close-to-free tuition and a part-time job, I could get a good education, gain experience in everything from work to civic activism, graduate in four years, and obtain a debt-free start in life.

My classmates and I assumed that’s what college was supposed to be. It still ought to be, but for most students today, it’s not even close.

Indeed, a $1.3 trillion mountain of debt is weighing down students at all types of U.S. colleges, endangering our entire economy. That’s more than people owe on credit cards or auto loans — and it’ll soon surpass the subprime mortgage debt that crashed the economy in 2008.

Private, for-profit, corporate colleges are the biggest creators of this looming danger. To say there are lots of horror stories about them is like saying there are lots of ouchies in a bramble patch. With brand names like University of Phoenix, ITT Tech, Corinthian, Kaplan, and Strayer, they suck up some $32 billion a year in federal student loan money.

These schools overcharge students so drastically that their graduates are stuck with nearly $40,000 in debt. They deliver such poor education that graduates can’t get jobs with high-enough wages to repay the loans. David Halperin, author of Stealing America’s Future, calls this predatory educational industry “an immoral enterprise.”

Our nation’s whole approach to ever-higher-priced, higher-education is wrong-headed. We know that college and advanced-skill degrees today are as essential to both individual and national well-being as high school diplomas used to be. It’s time to redirect and reinvest in America’s future by making higher education free.

 

For original posting please see OtherWords.org

 

Also Check Out...

The Martial Artists and Acrobats
POLICE RELEASE WANTED PHOTO OF
ACTOR WESLEY SNIPES BATTLES DEMONS
MAN SHOT TO DEATH IN ROSEDALE
Hot Summer Nights Free Concerts at
MANY BLACK AMERICANS RALLY BEHIND