5 thoughts on “Education, People Not Matching Up Well With Available Jobs”

  1. This would never have happened if we had a free market in education. Our system is so riddled with government overlay, we take it for granted like fish in water.

    One tiny but powerful example: If student loans were not subsidized and handled essentially by govt., lenders would vary the terms of the loans based on the likelihood of their getting paid back. An engineer student with good grades would get a much better interest rate than a genders studies student, who probably couldn’t get a loan at all. In a free market, the lender wants to get paid back and so evaluates the borrower’s prospects.

    There are millions of ways govt tentacles poison education. If we had a do over, we should have had a Constitutional amendment creating “a wall of separation between education and government.”

    1. There is a lot of wisdom in what you are saying, J. Sobran. The government’s subsidization of student loans, and making them widely available, has created enormous distortions in the education marketplace. (One could also argue that other state and federal funding of state university systems have the same effect. Keeping those tuition levels artificially low has consequences).

      Perhaps any student aid based on need ought to be handled by the banker, and LIKE the banker– based on the likelihood of getting repaid, as you say. Getting the federal government out of this mess is part of the solution, again as you say.

      1. If there’s one thing we really don’t want the government fiddling with, it is the minds of our children.

  2. We’ve been debating for three decades the question of whether federal student aid leads to higher college tuition.

    Well as a matter of fact, increases in financial aid in recent years have enabled colleges and universities blithely to raise their tuitions, confident that Federal loan subsidies would help cushion the increase.” The higher education establishment has indignantly denied the claim. There has been no doubt. that tuitions are rising faster than the inflation level.

    Colleges are incredibly inefficient businesses, and the student-loan program has just enabled them.

    Federal student loans have gone up. So has tuition, college budgets, and the debt that students carry for years. This system isn’t working.

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