So 1970 is when it really started. And 1965 is when the Higher Education Act was passed.... hmmm so are we saying that federally subsidizing loans to low income students gave universities the green light to jack up prices since they knew there would be a never ending source of funds thanks to the taxpayer. I am shocked that what happened!!!

I mean did anyone who knows how economics works not realize that this would be the end result.

So basically we have just made schools more wealthy, devalued diplomas and created a few generations that think a diploma is required to be successful in the US. Awesome. I guess this explains why I can't find a decent plumber.

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Posted by imjustafatkid

Alabama

Member since Dec 2011

51060 posts

Posted on 7/3/23 at 11:03 am to PeleofAnalytics

quote:
PeleofAnalytics

Yes, you nailed it. That is absolutely what has happened.

Conservatives who ignore this problem are selling this country down the road.

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Posted by Thundercles

Mars

Member since Sep 2010

5184 posts

Posted on 7/3/23 at 11:36 am to PeleofAnalytics

quote:
So basically we have just made schools more wealthy, devalued diplomas and created a few generations that think a diploma is required to be successful in the US. Awesome

Yeah, if you look back at the early 60's those with degrees were finding enormous success easily because the degree made them stand out.

So people in the government with good intentions thought "well if degrees equal success, then if everyone gets a degree then everyone will be successful." And here we are now.

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