Our friend Roger asks:
Is four years at Yale (or Harvard, Princeton, or any other “competitive” college) worth $53,000 x 4 plus annual tuition increases for a grand total (assuming you are entering right now) of roughly a quarter of a million dollars?
This is a question that, to the consternation of academic administrators, more and more parents — not to mention responsible teenagers — are asking themselves.
Yes, it is a bubble, a scam, and a rip-off. And the government subsidizes it too, adding to the problem. As it always does.
Related: Retired Prof VDH has an amusing yet penetrating rant about academics: We Are Ruled by Professors. He concludes:
So why again the above rant about academics?
We are presently governed by academics. In an era in which university people proliferate in this administration and seem to make things far worse for the rest of us, we need to be reminded why we should not look to the university for answers. What I hear coming out of Washington reminds me a lot of what I once heard coming out of the philosophy or English department. And that is a scary thing indeed.
You see, that tribe is more likely to embody the illness rather than the cure, and this time 300 million are paying the price.
Related, from Barone: The Higher Education Bubble: Ready to Burst? Quote:
Government-subsidized loans have injected money into higher education, as they did into housing, causing prices to balloon. But at some point people figure out they're not getting their money's worth, and the bubble bursts.Some think this would be a good thing. My American Enterprise Institute colleague Charles Murray has called for the abolition of college for almost all students. Save it for genuine scholars, he says, and let others qualify for jobs by standardized national tests, as accountants already do.
"Is our students learning?" George W. Bush once asked, and the evidence for colleges points to no. The National Center for Education Statistics found that most college graduates are below proficiency in verbal and quantitative literacy. University of California scholars Philip Babcock and Mindy Marks report that students these days study an average of 14 hours a week, down from 24 hours in 1961.
The American Council of Alumni and Trustees concluded, after a survey of 714 colleges and universities, "by and large, higher education has abandoned a coherent content-rich general education curriculum."
They aren't taught the basics of literature, history or science. ACTA reports that most schools don't require a foreign language, hardly any require economics, American history and government "are badly neglected," and schools "have much to do" on math and science.
ACTA's whatwilltheylearn.com Website provides the grisly details for each school, together with the amount of tuition. Students and parents can see if they will get their money's worth.
The daughter of a friend, who I spoke with in August, will be a college Freshman about now. She complained to me about being required to take Algebra in college. "I don't do math," she said.
"I don't do windows." Guess what? I do windows whenever She Who Must Be Obeyed asks me to.
