So this is what our higher education system has evolved to -
“Two-hundred seventy-three dollars and sixty-one cents a month for 30 years,” she said, describing her student loan payment. “It is disgusting.” Post-Gazette
Not to long ago, N was talking about going back to school to pursue a degree in Art Therapy. What stopped her was the realization that the loan payments would guarantee that she would be making the equivalent of $7.50/hr. Conventional wisdom has it that you need a degree in order to make a decent living. I don’t know about that anymore. It seems like no matter what you do, you are gonna be just scraping by.
This is the death knell for higher education. Most people with any sense are going to opt out of this system simply because the rate of return is not what it should be. No wonder we, as a culture, don’t value education when there doesn’t seem to be any concrete benefit for the individual.
IMO, the economics that will develop because of the rising costs of education will keep some of our best minds mired in the grind of sustaining a bare living. We will all be kept sitting while that small percent of the privileged run roughshod over our lives because our energies are going to be channeled to paying our water bills.
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