Comment by taeric
9 days ago
Have they been failing at their core missions, though? You say there has been an inversion/disconnect between cost of tuition and economic outcomes, but looking at the data doesn't back that. At least, I have yet to see anything that supports an inversion. Diminished returns maybe. Certainly a good case to not take out loans to get into school if you don't have a reasonable chance of graduation.
But that is true of everything we do loans for, nowadays. The amount of consumer debt that people contort themselves into justifying is insane. If you want to use that as evidence that grade schools are failing in education, I can largely agree with you.
Tuition is skyrocketing and wages are stagnant. I'm not making a hard claim about inversion of ROI, but I don't need to. What's the reason for college becoming so expensive?
You claim it is inverted. That is a hard claim, full stop. One that is, notably, not supported by any figures.
I can largely agree that it, similar to other things, has become too expensive. I cannot agree that it is not worth it for folks that can do it.
You know it's kind of rude to dismiss someone when they clarify and then stuff words in their mouth?
Totally inverted? Of course not. But there is a very real portion of individuals for whom debts exceed earnings and it is very much in the data. But if you want to ignore reality to win on semantics go right ahead.
https://www.brookings.edu/articles/the-relationship-between-...
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