For decades, a college education was a means to enhance earning ability, for those with the aptitude to utilize what they were taught, in a gainful career. But as the “college for all” mantra took hold throughout the American educational establishment, a college degree essentially took the place of high school degrees in times past.
As tuition skyrocketed, that meant that students and their families were going deeply into debt to gain a degree that, for many, led to jobs that in the past could have been obtained for the free cost of a public high school education.
Stunning tuition cost hikes have outpaced price increases in just about every other area. U.S. News reported in 2013 that “According to data from the Labor Department, the price index for college tuition grew by nearly 80 percent between August 2003 and August 2013. That is nearly twice as fast as growth in costs in medical care, another area widely recognized for fast-rising prices. It’s also more than twice as fast as the overall consumer price index during that same period.” During that time period, college tuition increased 79.5%, while the Consumer Price index increased only 26.7%, medical care, 43.1%, food and beverages, 31.2%, and housing 22.8%.
The money hasn’t gone into improving the educational experience of students, and it hasn’t gone into the salaries of professors. A Washington Monthly review found that “as colleges and universities have had more money to spend, they have not chosen to spend it on expanding their instructional resources—that is, on paying faculty. They have chosen, instead, to enhance their administrative and staff resources. A comprehensive study published by the Delta Cost Project in 2010 reported that between 1998 and 2008, America’s private colleges increased spending on instruction by 22 percent while increasing spending on administration and staff support by 36 percent. Parents who wonder why college tuition is so high and why it increases so much each year may be less than pleased to learn that their sons and daughters will have an opportunity to interact with more administrators and staffers… Over the past four decades…the number of full-time professors or “full-time equivalents”—that is, slots filled by two or more part-time faculty members whose combined hours equal those of a full-timer—increased slightly more than 50 percent. That percentage is comparable to the growth in student enrollments during the same time period. But the number of administrators and administrative staffers employed by those schools increased by an astonishing 85 percent and 240 percent, respectively.”
Liz Peek, writing in The Fiscal Times, found that “Between 2000 and 2010…The portion [of students] receiving federal aid skyrocketed from 31.6 percent to 47.8 percent, and the average award nearly doubled. In addition, the percentage taking out student loans climbed from 40.1 percent to 50.1 percent, and the average borrowing rose 76 percent. The ramp-up in loans to students has not only driven up costs but has undermined the value of a college degree. Some 30 percent of people ages 25 to 29 are college graduates today, up from 12 percent in the 1970s…Richard Vedder, economics professor at Ohio University, has written that we have one million retail sales clerks and 115,000 janitors with college diplomas. At the same time, one fifth of the country’s managers say they can’t find skilled workers to fill job openings.”
The Huffington Post asks, “A college degree is great, but is it necessary for everyone, and at what cost (literally) are we willing to pay for this social experiment? …We overhyped a college education and as a result we may have destroyed the American Dream…Millennials have contributed $1 trillion to the national student loan debt [Bloomberg]Millennials are the most educated generation in human history, yet they have the highest share of people who are unemployed in the last 40 years [USA Today] 48% of employed college graduates have jobs that do not require a four-year degree. [Forbes]…When you compare the student loan crisis to the mortgage crisis that triggered The Great Recession, at least the government and lenders had something tangible they could take to sell. In that instance it was property. You can’t take and resell knowledge from the brains of college graduates or college drop-outs…Once the student loan bubble bursts, we will be in a world of trouble.”
A Consumer Reports study found that 45% of people with student loan debt said that college was not worth the cost. The detrimental impact on the U.S. economy has been dire. 44% of those in tuition debt have cut back on daily expenses, 37% have delayed saving for key financial goals, 28% delayed buying a house, and 12% delayed marriage. “Step by step, one law after another has been enacted by Congress to make student debt the worst kind of debt for Americans—and the best kind for banks and debt collectors…and in one of the industry’ greatest lobbying triumphs, student loans can no longer be discharged in bankruptcy…”
Donna Rosato, also writing in Consumer Reports, notes: “To put the growing education debt crisis into perspective, many attendees at the conference drew parallels to the housing market bubble of the mid 2000s. Rohit Chopra, [special adviser to the Department of Education and formerly the top student financial services regulator at the Consumer Financial Protection Bureau] pointed out that both going to college and owning a home are goals that people strive to reach. But when something good, like owning a home, involves toxic mortgages, it can quickly becomes a bad situation. Chopra says that we may now be at a similar point with student debt.”
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But the problem looms beyond finances.
The American Association of University Professors notes that “…even as colleges and universities have become the focus of increased attention from the general public and policy makers alike, these institutions themselves seem to have lost their focus on a mission of preparing an informed citizenry for participation in democracy and expanding knowledge for the benefit of all. Without a doubt, higher education still provides a transformative experience for the millions of individuals who take part in its many activities. Behind the scenes, however, American higher education is changing in ways that detract from its potential to enhance the common good.”
The Daily Beast nworries that “This Orwellian climate of intimidation and fear chills free speech and thought. On college campuses it is particularly insidious… Campus censors don’t generally riot in response to presumptively offensive speech, but they do steal newspapers containing articles they don’t like, vandalize displays they find offensive, and disrupt speeches they’d rather not hear. They insist that hate speech isn’t free speech and that people who indulge in it should be punished…On today’s campuses, left-leaning administrators, professors, and students are working overtime in their campaign of silencing dissent, and their unofficial tactics of ostracizing, smearing, and humiliation are highly effective. But what is even more chilling—and more far reaching—is the official power they abuse to ensure the silencing of views they don’t like.”
As colleges become completely dominated by left-wing academics, (see the New York Analysis of Policy and Government study which reported that Democrats outnumber Republicans by a greater than 10 to 1 ratio, and at many elite universities there was not a single registered Republican on staff) traditional, core beliefs in the unifying principles of America, especially respect for the Constitution and Bill of Rights, as well as adherence to an empirical method of thinking, diminished, reducing the ability to logically review and resolve national challenge.
There is, indeed, an increasingly incestuous relationship between the Democrat Party and the university establishment. Rather than calling for a halt in excessive tuition rates, (a concept espoused by Democrats in many other pricing areas) Democrat presidential candidates are calling for “free tuition,” meaning that taxpayers would bear the burden. This, of course, would have the net effect of allowing colleges to continue raising rates, in a manner similar to the way that medical costs skyrocketed after third-party payments became commonplace.
The Great American Experiment in College for All, at devastating costs to all, has financially crippled students and their families, and is leading to a financial crisis that may make the housing bubble recession of 2007—2008 look mild. In return for all that burden and risk, a generation has endured significant unemployment and has been indoctrinated into acceptance of views that diminish the accomplishments and merits of their nation, and has inculcated them into acceptance of limitations on their freedom of speech.
Major reforms are needed. Colleges should be required to explain to applicants and current students what the tuition costs pay for, in detail, with particular emphasis on how much is spent on non-educational salaries and activities. There should be full disclosure of the percentage of graduates who obtain jobs that make use of a college degree. No federal support should go to institutions that charge excessive rates. Washington should get out of the tuition loan business, and the same consumer protections that apply to other debts should apply to tuition loans. State education departments should provide high-quality alternatives paths to careers that do not require college degrees, including vocational degrees in much-needed (and frequently lucrative) professions such as electricians, plumbing, carpentry, and mechanical fields.