We are suffocating in air saturated in government money like the leaves blasted off the hardwood forests of the Blue Ridge by a hurricane in fall (which I saw in 2018). Waste, oh the waste! Much of it fire-hosed to the colleges in the form of profligate student loans, grants, subsidies, etc. – which is contributing to a national debt of $30.6 trillion and counting. The aftermath is a college bubble like a market one, or the housing bubble of 2008-9.
Over the last ten years, total college enrollment has dropped by 4 million. Why? College was oversold. The realization began to sink in that $120,000 spent (the average price tag) on four years of lefty bromides and degree fields that neither advanced the students’ understanding nor added to their skills is a winning proposition for their future. We are in for a much-deserved market correction.
NBC is alarmed when they reported on the fall off recently (see below). It’s as if a civilizational collapse is imminent because we don’t have enough gender studies majors and people who still can’t put a decent sentence together. The network reports the findings of the left-leaning Hechinger Report which declares that the decline will “diminish people’s quality of life and the nation’s economic competitiveness”, as if all those graduates were chemistry majors and not the more likely situation of people who sat through interminable hours of woke claptrap and eroding rigor.
Don’t blame changing demographics for the slump. Within the same demographic, from 2016 to 2020, the percentage of high school graduates going to college dropped 7% from 70% to 63%. In many states, it’s worse, much worse. Blame the colleges for cementing the view that they’re a nest of radical vipers, incompetents, and pointless, if not harmful, instruction. NBC must have been flabbergasted to learn that fewer than 1 in 3 adults thought that college was worth the cost. A mortgage-sized debt is hardly a come-on for a public watching statue-topplers, Antifa, BLM, and campus censorship and intimidation on abundant display.
College has given itself a black eye. And, boy, what a shiner it is.
RogerG
Sources:
* “Why Americans are increasingly dubious about going to college”, NBC News, Aug. 10, 2022, at https://www.nbcnews.com/news/us-news/americans-are-increasingly-dubious-going-college-rcna40935
*The Hechinger Report in “How higher education lost its shine” at https://hechingerreport.org/how-higher-education-lost-its-shine/