How An Unlimited Supply Of Borrowed Cash Is Destroying Higher Education

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Both of us grew up poor. College was our way out of poverty. Now, we see too many young people locked into poverty by a college education.

“You have to go to college” was an article of faith when we were growing up in poor families. Now we wonder if our ticket out of poverty still has the same value. Far too many of this generation are leaving college with substantial debt and few meaningful job opportunities.

Put a little differently, what is the value of a bachelor’s degree in women’s studies or sociology or any other fields that are not science, technology, engineering, mathematics, or business? Ask some of the young people working at your local coffee shop or favorite restaurant. They will probably tell you, “not much.”

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