A degree in less time for more money

On Spotlight: As budget-crunched community colleges turn away students, for-profit college are offering discount deals and flexible schedules to let students complete degrees in less time for more money.

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  1. Sorry Mike, that’s not an article critical of the private education market so much as it’s an article critical of government meddling in markets although I doubt anyone at Mother Jones will see it that way.

  2. Um, Allen, it’s saying that the private education market, which exists only because of the current loan structure, will crash.

  3. There is no sound welfare-economic argument for a State (government, generally) role in the education industry beyond the role that the State plays in the restaurant industry or the cosmetics industry. If the tax-funded post-secondary education industry (government-operated, tax-exempt, and for-profit) is not an employment program for over-paid faculty, why cannot any student satisfy course requirements by exam?

    Let the Federal government define “college degree” in terms of exam performance for all of its positions which require a college degree (military officer, fisheries biologist, highway engineer, CDC epidemiologist, etc.), and commit itself to hiring on these criteria. License the University of Phoenix and Sylvan Learning Centers to proctor exams, and let the market drive the cost of a college degree down to the cost of books and grading exams.

    Credit by exam would bust this racket. Unfortunately for taxpayers and students, the parasites who infest academia are articulate, well-paid, and have a lot of free time.

  4. And the current loan structure is based on….

  5. The current administartion, and the current Congress, wants the federal government to either directly run, or run indirectly through control of the money, everything in the United States.

    If they have the time before the political winds shift in the U.S. again, they’ll try to bankrupt every privately run college (that isn’t Ivy League – they’ll get a pass) in the United States.

    And they’re not worried about how many students will be left out in the cold, mid-degree or about to graduate – as far as they’re concerned, those students shouldn’t have had the opportunity to get any kind of higher eduacation in the first place. And then you have to consider all the people that would be out of work – from janitors to instructors – it would make the (official) unemployment rate in this country rise from 10% to 12%+ very quickly.

    So, if they get their way, a lot of lives will be stopped in their tracks, if not ruined. Then what?

  6. Then they can force all those college instructors to move all over the country and teach in schools they don’t want to, in places they didn’t want to move to, at the federal government’s “request”. Like they’re about to do to all the doctors and nurses in the country. How do you like your socialism – slow and steady or hard and fast? Cause I think the days of slow and steady are over…