The Dream That Died In 1968

The Scam that will cost America its Faith.

All of this in pursuit of a lie.

Student Loans: Debt for Life - Businessweek

www.businessweek.com

(Corrects the 20th paragraph to provide a more recent total for student loans owed by people 60 and over: $43 billion rather than $36 billion. Corrects position of the National Association of Student Financial Aid Administrators on legislation introduced by Senator Al Franken.)

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  Junior Bear You know what the big lie is? College Pays? Yes it does, but not enough or as much as the big lie says. Take matched students: make the same H.S. GPA and the same entrance examsscore for college. One goes to college and one goes to work. Over a project lifetime of earnings the college grad with the bachelors makes 14% more than his matched counterpart from high school. 14% that's all, not a million dollars, just 14 %. It may be true that the college graduate makes a million dollars more than the average income of all those high school graduates some of whom could not read or write on graduation. But according to this study that matched high school graduate would also earn $860,000 more than the average of all of his non college going class. 
  Yes the Higher education officials know this. But they do not serve the students they serve the institutions, and in America success is growth not product.

  4 hours ago · Like
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  Junior Bear To put this in perspective the current lie is that a college grad make 74% more than a high school grad, or than five times (500%) more than the actual. So we are borrowing money to pay for a product that is inflated by five times.

  4 hours ago · Like
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  Junior Bear http://www.economist.com/node/17723223

  

  The disposable academic

  www.economist.com

  ON THE evening before All Saints' Day in 1517, Martin Luther nailed 95 theses to

   the door of a church in Wittenberg. In those day

  
  

  
  

  When I started my career of desegregating Oklahoma Higher  Education the Dream was real for everyone. Over time I could feel in gut that it was changing.  Minorities could still grab the golden ring, but for most it was becoming a scam.

  Most of the degrees in higher education are bogus and even the valuable ones are over priced and over subscribed.  By the time we calculated cost benefits in 1993 the ratio was so miserable that it never saw the light of day.  20 years later is is much much worse.