“While the costs of obtaining a degree have ballooned, their value has plummeted. As degrees become increasingly common, their usefulness in signaling diminishes. Degree-holders just aren’t as special anymore, and having a degree no longer conveys the same kind of information to potential employers as it used to.Meanwhile, the actual educational benefit of obtaining a degree are also decreasing. Colleges are increasingly failing to teach the most basic knowledge and skills, opting instead for obscure courses focusing on identity politics and which have little to no practical value in the real world.All the trends point toward a massive higher-ed bubble, and with an ever growing number not paying off their loans it’s likely to blow up in taxpayers’ faces.”
“The ostensible purpose of federal guarantees for student loans was to make college more affordable. In fact they did the opposite, by fueling the massive tuition hikes.
Colleges spent the extra money to expand their bureaucracies, increase the compensation of faculty and staff, and improve physical facilities. Tenured radicals constructed comfortable bastions from which to assail the capitalist system by mal-educating the children of capitalists.”