Well this would be a welcome development

From Instapundit, the next return to sanity:

WILL HIGHER EDUCATION BE the next bubble to burst? If people feel that the value of a degree doesn’t justify a lot of debt, then yes. Those that will suffer most will be non-elite private schools, which are often as expensive as the Ivy League but offer poorer credential value for the money.

As the parent of two college grads and one student, I’ll admit to a deep suspicion that my kids got what I paid for.

6 Comments

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6 responses to “Well this would be a welcome development

  1. anonymous

    Been a scam for decades

    Perhaps 5 leading colleges (and relevant majors) provide access to lucrative post-college jobs and careers (usually in NYC’s IB industry, at least over past 25yrs)

    Smart kids (and parents) have always known that the “brand” value of college supersedes actual education value….a $200K union card of sorts

  2. Anonymous

    If you think education is expensive just think of the cost of ignorance.

    • christopherfountain

      That’s my objection. Higher education is hugely expensive, far outstripping the inflation rate, yet the “educators” are no-talent expounders of the status quo as promulgated by Hollywood and their think-alike peers. So I know precisely how expensive ignorance is; I’d like to know what a real education would cost. Probably less.

  3. pulled up in OG

    Just check out the wedding announcements . . .
    college majors vs actual jobs. What a waste!

    My own two are no different.

  4. Peg

    I calculated on one of those “inflation calculators” what my pop paid for my college education (’69-’73). In constant dollars, the cost of an undergraduate degree has gone up dramatically.

    Why do people not seem to understand that if the government is subsidizing something, in general costs seem to get way out of hand? Education costs are no different.

  5. Riverside Dog Walker

    I’ve thought a lot about the value and pedigree of a college degree in today’s flat world. I couldn’t convince my son that a college degree was a good thing, and after a year in a good college, he enlisted in the Marines.

    As for me, I now own and run a blue collar type of business, after spending 20 years on Wall Street. Although the work I do now isn’t as interesting, the pay is the same. And no one is going to lay me off.