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First, let's terminate the federal student loan program

Reader comment on item: Repairing America's Broken Universities

Submitted by Dave (United States), Mar 20, 2019 at 09:19

We taxpayers subsidize college loans to the tune of over 170 billion per year. These loans are given out too freely without taking into account the ultimate return from the investment. Thus, someone who majors in engineering gets the same amount as someone who majors in gender studies. The result is to greatly increase demand for higher education, increasing its price tag, while failing to reward relative value. It also rewards professors who can teach any kind of PC gibberish with impunity.

If only the private sector handles the loans, there would be greater accountability in what was being lent, providing better quality control. It would bring down educational costs by reducing demand at four year colleges by funneling more students into practical vocational programs with better prospects for jobs.

Given the current 1.5 trillion in total student loan defaults thanks to students failing to parlay their education into a career commensurate with their expectations, that would both help students as well as the taxpayer.

As for the intangible value of education in terms of enrichment, it should be obvious that today's colleges are often doing more harm than good, and that the curious individual eager to learn should look to the many alternate sources available today.


Note: Opinions expressed in comments are those of the authors alone and not necessarily those of Daniel Pipes. Original writing only, please. Comments are screened and in some cases edited before posting. Reasoned disagreement is welcome but not comments that are scurrilous, off-topic, commercial, disparaging religions, or otherwise inappropriate. For complete regulations, see the "Guidelines for Reader Comments".

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Reader comments (13) on this item

Title Commenter Date Thread
Another Take [34 words]Barry BlackApr 6, 2019 12:36249040
They can't blame so-called 'affirmative action' [76 words]Anon.Apr 7, 2019 10:56249040
Those tiny beds in the dorms would definitely put off prospective students [37 words]Anon.Mar 31, 2019 17:20248878
Prestige: denoting something that arouses respect or admiration [36 words]JeffMar 22, 2019 21:02248595
Re: [35 words]Anon.Apr 2, 2019 18:39248595
Thank you, I will read this book. [64 words]DongMar 21, 2019 22:03248567
A better solution [251 words]
w/response from Daniel Pipes
Stuart FaginMar 21, 2019 17:11248561
The conservatives lost the intellectual battle of ideas [70 words]Vadim AnshelevichMar 26, 2019 12:40248561
1It Can Be Done [112 words]
w/response from Daniel Pipes
Gordon JonesMar 21, 2019 14:35248556
A Solution [227 words]GEORGE ZILBERGELDMar 20, 2019 22:08248542
Been Going on a Long Time [27 words]David RyanMar 20, 2019 10:58248525
4First, let's terminate the federal student loan program [207 words]DaveMar 20, 2019 09:19248521
Good piece...but [16 words]Bruce BirnbergMar 20, 2019 09:09248520

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Note: Opinions expressed in comments are those of the authors alone and not necessarily those of Daniel Pipes. Original writing only, please. Comments are screened and in some cases edited before posting. Reasoned disagreement is welcome but not comments that are scurrilous, off-topic, commercial, disparaging religions, or otherwise inappropriate. For complete regulations, see the "Guidelines for Reader Comments".

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