What ought to happen is that everything I’ve described so far should be put in reverse. College should become free or very cheap. It should be heavily subsidized by the states, and robust competition from excellent state U’s should in turn bring down the price of college across the board. Pointless money-drains like a vast administration, a preening president, and a quasi-professional football team should all be plugged up. Accrediting agencies should come down like a hammer on universities that use too many adjuncts and part-time teachers. Student loan debt should be universally refinanced to carry little or no interest and should be dischargeable in bankruptcy, like any other form of debt. But repeating this feels a little like repeating that it will be bad if newspapers go out of business en masse. Of course it will. Everyone who can think knows this. But knowing it and saying it add up to very little.
Thomas Frank (via azspot)