Student debt has grown to equal what’s owed on America’s credit cards. Students are graduating so deeply in debt that some will never get out. Yesterday, it was reported that an armed SWAT team had kicked in the door of a residence where a deeply indebted student was thought to be living. The student had defaulted on student loans, and The Department of Education decided “something has to be done.”
The cost of education is no longer worth the benefits. Where does the money go?
How can any University have more administrators than teachers? Formerly, the ratio of teachers to administrators was one to forty or thirty or twenty. Not any longer. As long as gullible young people can be convinced to waste four years learning little of any real value, administrative expenses will continue to rise.
At this particular university, each student’s debt has been doubled so that more “administrators” could be overpaid, over-benefited, and over-pensioned. Students have been reduced to decades of debt-slavery to pay administrative costs.
