Information about salaries by college major is publicly available with a simple Google search. There’s no great mystery here. Much of the college debt strain is on those who take loans, attend, but never graduate. There are two extremes to the problem 1/
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First, encouraging everyone to go to college has led to an increase in open enrollment for profit & public universities. These universities (including the one I work at) have low completion rates due to students not being college ready. 2/
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It has also stigmatized these schools as being low quality providers of education. That is not necessarily true (see low completion rates), but it does lead to the second problem. There becomes a great deal of social pressure 3/
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to go to a highly ranked and expensive school that you can’t afford. That degree in education at Harvard still gets you the same low paying teaching job the students at State U get. 5/
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Having said that, yes tuition across the board has gotten too high, but our regulatory compliance costs have also risen substantially & prof salaries are self-perpetuating (more expensive the PhD, the more you have to pay them). Fin.
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What’s your point? I argued against neither.
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