My son is currently in college and we see a number of his friends having to take out student loans and struggling to meet bills. None of them qualify for student aid because their parents make too much-even though few of them help with the costs. There are many of these college programs that are simply handing over money to “at risk” kids who don’t give two hoots about a degree.
If there is ever an example of wealth redistribution, it’s colleges. But in this case many students are saddled with enormous debt. For sure there is something to be said about not going to college and taking out these loans. But perhaps if universities stopped giving away student money, tuition would be more like $10,000 a year rather than $30,000.
You’ve identified the “Big Education” cycle:
A great way to channel borrowed money to schools who pay high salaries to professors and admins who donate to Democrats.