Education Bubble

I do think tuition rates are ridiculously high. Even though I went to a state school and paid for my second graduate degree as I went and thus have zero debt, I still think I paid too much because it’ll be a long time till I make up for that investment.

I think it’s high time people rethink all the money spent on college in America. All the extra services, many of which most students don’t use, and administrators seem unfair. If you can’t write at the college level, why should the students who can pay for your writing center sessions? Do we need all these extracurricular activities and facilities? Why wouldn’t those who need or use these things pay for them?

The idea that cost of education has quadrupled, as Peter Thiel states in these videos, yet many still graduate but are unable to write a paragraph, should be examined.

Accepting the idea that you can take out a loan and everything’s okey-dokey is unwise. Most people, parents and children alike don’t realize how long it’ll take to pay off that loan.

I also think it may be wiser for people to send their children to community college for two years and then transfer to the pricier university. Ten or twenty thousand dollars extra for a particular social experience, (e.g. dorm life, parties, status) seems like a bad choice. If you’re in a certain income bracket, all the other parents are sending their kids to schools with status. You don’t want to “deprive” your kids. That’s understandable.

Now it seems like it’d be better to put that money aside and give it to a child when he or she needs to buy a car, furnishing for an apartment or a condo. Of course, this is a personal choice for each family.

I’d like to see more colleges offering low-cost options. Think a Southwest Airlines version of higher education and more parents considering different paths to attaining education.

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