All conjecture, no evidence--yep, sure looks like another Student Loan Thinkpiece(TM)
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Silverglate: Easy to find pithy opinion on source of student debt crisis
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Would it be unfair to compare management to a malignant tumor, diverting resources to feed its own growth, potentially fatal if unchecked?
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Parkinson's law of costs: They increase with funding levels.
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Confuses cause & effect. Financial aid makes spendy students. Spendy students make spendy administrators.
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And faculty penury.
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Fed money
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1 technology 2. government regulations (e. g. learning disabled) 3. programs to be more inclusive 4. helicopter parent demands
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Far more student debt in aggregate is from lower income students entering college compared to previous decades
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Individual student debt has mostly kept up with inflation over the past 20 years
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Sticker price of uni has ballooned but so has financial aid
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It's an outrage ... and I wish I could short the entire market around student debt.
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Student debt is related to growing cost *and* declining level of support. Here's another explanation ...https://www.americanprogress.org/issues/education/reports/2014/12/03/102407/state-disinvestment-in-higher-education-has-led-to-an-explosion-of-student-loan-debt/ …
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I think it's a very noble cause to clean up the institutions our society depends on, and trusts, for education and guidance.
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