Thursday, March 20, 2025

College Cry

Colleges aren't as poor as they claim:
Universities are so adept at marketing that few voters realize they’re pulling a triple or quadruple heist at taxpayer expense. First because federal pols have been committed for so long to financing state-backed loans for “every student who wants to go to college,” and second because of the harsh reality that anyone who wants even a secretarial job now must get a secondary degree (even though the degree doesn’t guarantee a job or even come close), colleges are essentially market-immune. They live off giant subsidies in the form of limitless federal lending, which allows them to raise prices endlessly and spend endlessly on administrative bloat, rarely passing savings to students while always fattening endowments. Administrators are such relentless grifters that they build ludicrous climbing walls, zip-lines, and water slides at monstrous expense before considering lowering costs.
Time for them to pay their own way...

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