I’ve written a new piece about the state of the American university system for Sublation. You can read it here:
https://www.sublationmag.com/post/the-american-university-system-is-a-rotting-carcass
A Critique of Biden’s Student Debt Reforms
Tag: Student Loans
The Higher Education Bubble Isn’t Going to Burst Without Our Help
For a long time, we’ve been sending more and more people to college. We’ve sent so many people to college that many graduates can no longer find good jobs when they leave. More than 40% end up working in jobs that used to require no degree:
Some have been waiting for market forces to solve this problem. Way back in 2015, Senator Marco Rubio argued that folks would stop going to university and start pursuing jobs in the trades. Instead of studying philosophy, Rubio suggested the kids take up welding:
https://www.youtube.com/watch?v=HP7vOx1ZCHE
Continue reading “The Higher Education Bubble Isn’t Going to Burst Without Our Help”
How ISAs Allow Rich People to Exploit College Students
A friend of mine at Purdue University recently informed me that under the leadership of former Governor Mitch Daniels (R-IN), Purdue has become the first major American university to offer Income Sharing Agreements (ISAs) to students as a new alternative to traditional student loans. ISAs are exploitative and morally disgusting. Here’s why.
Continue reading “How ISAs Allow Rich People to Exploit College Students”
Elizabeth Warren’s Student Loan Mistake
Massachusetts Senator Elizabeth Warren has recently come out with a proposal to make the interest rates on federal student loans identical to the interest rates the federal government gives to large banks. This sounds really progressive and wonderful, and it is no doubt well-intentioned, but it is, unfortunately, an extremely misguided and foolish policy. Here’s why.
Benjamin Studebaker 