For the two of you reading this blog you know I am concerned about the higher education bubble for two reasons: one, I work in higher education right now and when the bubble bursts and if conditions at Directional U are the same as today, I’ll be out of a job; two, I have kids, ages 16 & 13, they are going to have to make tough decisions in this environment. Decisions where I feel I am unable to provide the certainty a father would like to provide his children.
I worry that Jardinero1 is correct about the future. Maybe worry isn’t the correct term, puzzled maybe? It has been my experience that the college degree was not the be all end all and I’m only 50. My father had the type of employment that I never had. I almost certain that my children have to be prepared to make money on their own, that they will not be able to plan for, or count on, a career path like their grandfathers enjoyed.
The other comment by pashley1411 is spot on. The institutions of higher education have been cut loose from any mooring that might leave them tied to any sense of a reasonable ROI for their median student. If they are not training people for future jobs, they certainly should not be accepting federal loans as a form of tuition payment. The liberal arts colleges, I believe, have an obligation to not enslave their students to debt payments for the consumption aspect of a college education. Where are the liberal values of being enslaved to a student loan? My only slight correction to pashley1411 is that the institutions are run for the benefit of the faculty and select administrators, not all the employees.
I hope my kids either enlist or become plumbers.