Friday, May 27, 2022

Onerous loans from overpriced schools stuffed with bureaucrats have crippled young people.

From Bari Weiss's Common Sense.

College enrollment keeps falling: Even without Covid restrictions on campus, young Americans are still opting out of college at a dramatic rate. Enrollment as of Spring 2022 is down 4.7% from a year ago, according to new data from the National Student Clearinghouse Research Center. Since the start of the pandemic, the shift is even more dramatic: Total undergraduate enrollment has fallen by 9.4%. One thing that’s real about the #cancelstudentdebt movement is the pain: Onerous loans from overpriced schools stuffed with bureaucrats have crippled young people. A lot of teenagers today are looking at the deal and thinking, maybe there’s something better? And with a very strong job market right now, there often is. The drop in enrollment actually makes me hopeful: Colleges and universities can easily get better—start with scrapping a lot of unnecessary administrators—and now they’re finally being incentivized to do so

Talk about the asabiyyah cycle which I mentioned in the prior post.  The modified version might look like.

Hard times create smart students. Smart students create good times. Good times create foolish students. And, foolish students create hard times.

Which sure sounds like the end state of our K-12 and universities at the moment.  Institutionalized foolishness to the detriment of society and individual students.  
 

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