Tags » Higher Education Bubble
Has a college education become a very expensive and less meaningful entitlement?
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Due to government subsidies and cheerleading about the supposed benefits of additional years of formal schooling, over the last 50 years we have transformed higher education.
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Despite having the highest levels of educational attainment of any previous generation, America’s millennials, on average, demonstrate weak skills in literacy, numeracy and problem solving in technology-rich environments compared to their international peers.
The Obama administration projects that the increased use of student loan forgiveness programs will cost taxpayers $22 billion next year.
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… Primarily because of the recent growth in enrollment in the program, projected long-term revenues from the federal direct student loan portfolio were reduced by almost $22 billion compared with the best guess from the previous year….