Neal McClusky, with Cato, joined the program to talk about the run-away tuition costs, and the declining value of American Higher Education. John also took a look at how the student loan crises in America is just another symptom of big government at its worst.
What ever happened to the medium once known as Little Magazines? This
country once had a select group of literary and political journals that
represented the vanguard of American thought and art. Some were both
literary and political. High Culture, it was called when there was still
such a thing.
America’s accumulated college-loan debt will surpass $1 trillion this year; what is our leadership doing about it? The Obama Administration took over the student loan market and expanded Pell Grants, but hasn’t accomplished anything to address the root cause of the crisis: exploding college fees and related costs. The only thing they’ve done is criticize innovators and entrepreneurs.
If you want to know what is wrong with the cost of education in America, look to some of the politicians you elected. We've been sold that cheap student loans are the answer to making education affordable. Nothing can be further from the truth.
Young Americans face tough times: Record-breaking youth unemployment—including for those with college degrees—and high levels of debt from student loans have left millions unable to live independently. They are living in Mom and Dad’s basement, putting off marriage and family, and are down-scaling their aspirations when they should be dreaming big.
It is something of a truism that whenever the federal government steps in, costs usually rise and efficiency declines. That is especially true when it comes to a college education, which President Obama promised during the 2008 campaign to make more affordable.
Sarah Palin was the first to recognize the problem: By participating in President Obama's signature education initiative, the Common Core Standards, Alaska would lose control over its own curriculum.
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