What if college were free to its students? How could that possibly happen?
Universities and colleges are very expensive (image), usually requiring big loans that parents fervently hope will be worth it in terms of future income for their child. Often, it doesn't turn out that way. Many who borrow huge sums discover an ugly truth: the education they went into big debt for does not result in their having the ability to pay it back.
Higher education ought to build the character, skills, knowledge, judgment a student will need in order to flourish and contribute to society. But all that tuition must be paid to the school up front.
The school gets paid before the student sees results. Some schools get money from the government. Harvard, for example, received $629 million last year from the government, while charging students $87,000 for one year of education. Does that pay off with wonderful results for the student or the taxpayers?
Something is not going right. Our higher education system is broken.
(cont'd tomorrow)
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