...shifting the US system to a comparable scale of investment with those systems, on a per capita basis, which would entail pretty vast institutional destruction as the very large US system downscales to per capita research parity with the EU.
This isn't a case like healthcare where the bloated US system produces worse outcomes. The bloated US higher education system very clearly produces superior outcomes by every metric I can find. Thus my concern about moving to a continental model.
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It also leaves the graduates with crippling debt and is even more precarious than the continental one. But, repeating, the point is not to move to the continental model, for it also needs reform. The point is to move to a new model, which doesn’t even attempt to stay marketized.
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Total US student debt is 1.56 trillion.
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