I would love to see what is happening to student loan repayment right now. With talk about cancelling loans it becomes closer to a rational decision to stop making payments or make minimal payments, or to take on more debt.
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The fundamental problem in American education is that we act consistently with an unstated but widely held belief that education is valuable at all margins. Education is not valuable at all margins. We need to consume less of it. We need producers of education to get less money.
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"We need producers of education to receive less value from society" is borderline anathema, though, so in lieu of saying that, we talk about for-profit colleges and administrators and lavish buildings, they're always the colleges and administrators and buildings Over There.
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