Its back-to-college time, which means its the season for bitching and moaning about rising college costs, lack of access to higher education, and the pressing need for even more taxpayer-funded subsidies to the leaders of tomorrow. In just the past few weeks, weve been subjected to breathless reports that college tuition costs have risen 500 percent since 1985 and a mini campaign swing by President Obama touting more free money for students and a federally sanctioned knockoff of college guides already provided by the Princeton Review, U.S. News & World Report, Washington Monthly, Barrons, and countless other sources.
Enough already. The plain facts are that college is still well within reach of most Americans, the wage premium for a college sheepskin remains huge, and student loans are not a new form of indentured servitude. You wouldnt get any of that from grandstanding politicians always looking for a new way to rob Peter to buy Pauls vote, an educational establishment thats always on the hunt for new revenue sources, and a news media that alternates between the credulity and ignorance of, well, a first-semester freshman.
Why Students (and Barack Obama) Should Shut Up Already About College Costs - Reason.com
Enough already. The plain facts are that college is still well within reach of most Americans, the wage premium for a college sheepskin remains huge, and student loans are not a new form of indentured servitude. You wouldnt get any of that from grandstanding politicians always looking for a new way to rob Peter to buy Pauls vote, an educational establishment thats always on the hunt for new revenue sources, and a news media that alternates between the credulity and ignorance of, well, a first-semester freshman.
Why Students (and Barack Obama) Should Shut Up Already About College Costs - Reason.com