Fenton Lum
Gold Member
- May 7, 2016
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- #21
Well gee, maybe that's what happens when a society sets up conditions to induce debt peonage amonst the masses.A huge place to give feedback.
Many colleges have also turned into crony institutions and party spots.
Why do we support a college professor in Colorado just to spread Islam?
How did Pfizer get so big? I read a few years back it was own in large part by the fund for college professors? (Duke University maybe??)
It seemed to me like many of these colleges get a whole lot of federal grants to do research which in turn merely benefits a few. And why are we spending a billion and a half in federal grants to subsidize foreign education and all when we have bright students right here that could do better with a helping hand?
The bankers make out pretty good when the federal government backs the student loans for students that will never really learn enough to actually use those bits of what they call wisdom and intelligence in the real world. What a racket. I would think that the banker should be on the hook for making loans for young people to go study stuff that will never actually be used by them in the real world.
What happen to businesses training their own people for the skills that they need in their businesses? Trade Unions did it for years and businesses with specialty needs did too.
You touch upon a really critical area. Too often the Universities are little more than grant whores. Can we really consider UC Davis "non-profit" when it solicits billions of dollars in grants? This coupled with the sports rackets undercuts any sense of legitimacy these schools have.
Student loans are as you say, quite the racket. More importantly they are the catalyst for obscene tuition rates. The fees charged to students are dissociated from the student through the loan process. The basic equation of return on capital employed is obscured to the student. The idea that an "ethic studies" or other underwater basket weaving degree will do nothing for them is lost in the din of easy financing. Too often the student doesn't grasp that an education is an investment, which must pay dividends to be worthwhile.