Student Loan - Loans and Debt Consolidation

KOLLEGE KOCKUP SOMETHING IS NOT RIGHT IN HIGHER ED REASON ONLINE BLOG

Kollege Kockup: Something Is Not Right In Higher Ed

Student loan defaults are up. Graduate performance in the job market is down. Bankrupt states are unable to keep public university employees in the style to which theyve grown accustomed. Har weve only had a series of manufacturing employment crises.

And the Higher Education bubble might just be one way in which our society and economy are soaking up the excess population that would formerly have been employed in manufacturing and agriculture. They have to go somewhere, and so theyre becoming community college professors and student loan administrators and government bureaucrats and non-profit fundraisers with African Sculpture degrees.

In this analysis, the important thing about higher education isnt just that it produces a type of worker better suited to our postmodern economy. Its also that the entire higher education infrastructure itself soaks up a lot of the superfluous workers.

They all cant become CNAs, you know. Some people dont like to touch old people.

3.9.10 @ 8:52AM#

That is a good point. I always go back to the old island analogy given in basic economics classes. If I am living alone on an island and you show up, we can specialize our labor and I can hunt for fire wood while you fish. And we are both better off. If another guy shows up who is an expert fisherman, he puts you out of your fishing job, but allows you to grow a garden and so forth.

The same thing happens...[more]