not<\/em> raise tuition?” asks the typical college president. “Uncle Sam pays the bill!”<\/p>\nWhen I went to Princeton, tuition was $2,000. Now its $60,000.<\/p>\n
Colleges have little incentive to cut costs or innovate. Princeton still “teaches” by having professors lecture. Super boring. I slept through many.<\/p>\n
Although today, I guess I should thank Princeton because its tedious lectures inspired me to try to find better ways to present information. That made me successful on TV.<\/p>\n
Today, student loan borrowers owe tens of thousands of dollars. Last year, President Joe Biden announced he would cancel up to $20,000 of that debt per person.<\/p>\n
Indebted students loved that! A group named the Student Debt Crisis Center called that “a major win for many.”<\/p>\n
But it would be a major loss for many more! Canceling debt is unfair to the people who work hard and pay off their debts.<\/p>\n
Fortunately, Biden’s plan was struck down by the Supreme Court, which said only Congress has the right to cancel student debt. Congress didn’t.<\/p>\n
Now Biden’s trying again. The administration announced they will forgive debt for anyone who’s been making payments for more than 20 years. That’s better, but still bad. Maybe courts will stop this handout, too.<\/p>\n
College students take on loans and spend decades in debt because they believe they must get a degree to be hired. But that’s no longer true. IBM, Accenture, Dell, Bank of America, Google, and other big companies, recognizing the uselessness of many undergraduate degrees, recently dropped college degree requirements. So have state governments in Maryland, Utah, Colorado, Pennsylvania, Alaska, North Carolina, New Jersey, and Virginia.<\/p>\n
Good jobs in the trades, like welding and plumbing, don’t require a college degree. Trade school programs often take less than two years and cost much less than college.<\/p>\n
To have a good life or get a good job, you don’t need fancy dining halls, video game auditoriums, or a college degree.<\/p>\n
College has become a government-subsidized rip-off. It’s good that fewer people go.<\/p>\n
COPYRIGHT 2023 BY JFS PRODUCTIONS INC.<\/strong><\/p>\n