69 million page views

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".

Follow Daniel Pipes

Facebook   Twitter   RSS   Join Mailing List

All materials by Daniel Pipes on this site: © 1968-2023 Daniel Pipes. daniel.pipes@gmail.com and @DanielPipes

Support Daniel Pipes' work with a tax-deductible donation to the Middle East Forum.Daniel J. Pipes

(The MEF is a publicly supported, nonprofit organization under section 501(c)3 of the Internal Revenue Code.

Contributions are tax deductible to the full extent allowed by law. Tax-ID 23-774-9796, approved Apr. 27, 1998.

For more information, view our IRS letter of determination.)