Maggie's Farm

From the venerable Mead:

...as their financial prospects darken, students’ educational costs are exploding. Like the health care system, the educational system is being overwhelmed by rising costs and rising demand. And as misguided government policies contributed to the real estate bubble by artificially inflating demand, government programs are burdening students with unpayable loans and contributing to relentless and unsustainable inflation in school costs.

And so, dear students, welcome back! Your generation is going to have dig its own way out of the hole my generation has dug for you (thanks for the Medicare, kids, and sorry about the deficit!), but here are a few tips that may help you get the best out of your college years.

Good tips for the students, there. For example:

I’m sorry to bring you bad news, but your generation faces the toughest competition any American generation has ever known.

Your competition isn’t sitting in the next library carrel. Your competition is in China and India – and your competition isn’t hanging out at frat parties or sitting around watching sitcoms with dorm-mates. It isn’t getting stoned and it isn’t putting its energy into chasing the opposite (or apposite) sex. Your competition isn’t taking lots of courses on gender studies; it isn’t majoring in ethnic studies, or (unless it is planning to go into movie making) the history of film.

Your competition is working hard, damned hard, and is deadly serious about learning. There’s nothing written in the stars that guarantees Americans a higher standard of living than other people. Those of you who spend your college years goofing off in the traditional American way are going to pay a much higher price for this than you think.