Is student lending a speculative bubble? Is higher education a scam now? Malcolm Harris makes the case. The whole thing — a cogent, thorough analysis — is well worth reading, but here’s the money quote:
If tuition has increased astronomically and the portion of money spent on instruction and student services has fallen, if the (at very least comparative) market value of a degree has dipped and most students can no longer afford to enjoy college as a period of intellectual adventure, then at least one more thing is clear: higher education, for-profit or not, has increasingly become a scam.
Seriously. Go read.
studentactivism.net 
3 comments
Comments feed for this article
April 25, 2011 at 4:08 pm
Zot
This is one of many very recent articles on if higher education is a bubble about to burst. In economic theory, when the bubble burst, a equilibrium should occur between people who choose to get a college degree and those who don’t to meet the market supply of jobs after a few years. But the push for higher education continues to go on while its actual value continues to decrease. So when that bubble burst, would we even reach our equilibrium? No. Why? because we continue exporting all of the Non-degree jobs oversees. So even if people choose the non degree route, they will find that many of those jobs don’t exist in America any more. So we can try for another education bubble, or reform our education system, or chaos in the streets.
FYI, if that bubble burst before the economy gets back on its feet (which is the most vulnerable time for such a bubble), America will hit a depression in my opinion, and a generation will be very lost on what to do.
April 27, 2011 at 3:02 pm
Cryn Johannsen
I’ve also written on this subject, and recently had a piece published in Truthout.org about higher education being under attack. My research focuses on the student loan debt crisis. This piece was an interview with Henry Giroux.
“Higher Education Under Attack: An Interview with Dr. Henry A. Giroux” – http://www.truth-out.org/higher-education-under-attack-interview-henry-giroux/1303196400
-Cryn Johannsen
Founder & Exec. Dir.
All Education Matters (AEM)
P.S. I have added you to my blogroll.
April 28, 2011 at 8:23 am
The Student Loan Bubble « Student Activism | Latest Search
[…] the original article here: The Student Loan Bubble « Student Activism This entry was posted in Techies, WordPress and tagged america, california, education, […]