Not really; they have the aid of those charming people with nice titles and advanced degrees at the college of the student’s choice. Can you think of a worse group of people to be advising your budding young adult? My friend, Dennis Prager, thinks anyone who went from high school to college to grad school to working/teaching at a college campus is yet a child. They have never left the educational womb. He is pretty close, but it is also the chickens guarding the hen house.
Each person at the school has a financial motivation to uphold the good name of the campus. If kids are drinking themselves into a stupor, they don’t want to become known just as a party school unless that brings in more applicants and more dollars. If young women are being sexually accosted, the college is not playing up how frequently that occurs. The federal government requires colleges to do a study each year of the incidents related to students. It is as easy to find at a given college as is the detailed list of charges are before you enter a hospital. Unfortunately, it is even less helpful.
The bottom line is that we parents send significant dollars to these colleges and they have no accountability to us. If our kid is a boozer, they don’t have to tell us. If they quit school, they don’t have to tell us. If our kid is now a Selfhood and Social Interaction major, they don’t have to tell us. Just send us money – those many thousands of dollars.
Worse yet these young adults are being advised to encumber themselves with huge debts that will restrict their financial future. Does anyone at these colleges tell them not to do it? Do the kids really understand what having $50,000, $100, 000 or more of college debt means to them? Is there a major in the finance department – Advising Students on College Debt? You better not bet on that.
There is no doubt that colleges in the country add something positive other than college sports. But they are operating a scam that the Boys in Jersey would have loved to have thought of. These colleges are not as bad as people who prey on seniors citizens with phony financial programs, but at least the seniors can have their adult children intercede without a special dispensation and a secret password.
If that phony baloney board Elizabeth Warren set up (you know the Consumer Financial Protection Bureau) really wanted to do something, they would set up standards to protect students from being gouged by universities and protected from taking on ridiculous levels of debt. That is a trillion-dollar problem where people are being sold pipe dreams. Let us all live to see that happen. God knows we parents have no say.
In Honor of His 103rd Birthday, Here Are The 20 Best Quotes From The Late, Great Milton Friedman | John Hawkins