One of the cries of the left, not just the far left, unfortunately, has been a clamor for “free” college educations and even a forgiving of college-incurred debt. As someone who has raised college-educated offspring, who has taught on the collegiate level, and who is married to a university professor, I’m strongly opposed to both.
Why?
Because it would not only be a tremendous waste of money and resources, but because it would be absolutely the wrong thing to do. Obviously, I believe that a college education is valuable, but it’s not valuable to everyone. I also believe that while a college education should not be a blanket right, it should not be denied to anyone on the basis of race, color, creed, or economic background.
Unhappily, far too many incoming college students are not only lacking in basic skills, but also don’t know how to work intellectually, don’t want to do the hard work necessary to learn higher level skills, and don’t seem to want to learn anything that doesn’t interest them. But university administrations seem determined to increase their numbers, rather than to increase the quality of the education provided. Rather than flunking out the uninterested and the lazy, the pressure mounts on faculty, especially at public institutions, to provide watered-down “edutainment.”
This emphasis deprives the better and more motivated students of the best education that they could have while saddling those merely “processed” through the system with debts that they cannot pay and a pricey and close to useless “credential.” The result of doing this for the last fifty years has been degree inflation, so that additional education at additional cost is required in many fields as more of a “screening tool” than for work-related requirements.
Now, a college degree has become the panacea for economic inequality and the optimal way to assure a “better” life for one’s children. For the fortunate, highly intelligent, and well-connected, it usually is, but not always. Given the skyrocketing cost of higher education, and the even higher cost of graduate degrees such as law and medicine, the inexorable result is that as many as half of those graduates are so burdened by debt that they can barely make ends meet… and that’s without house payments or the cost of having children.
The political reaction is to forgive all that debt. Unfortunately, that will ensure the continuation of creating more graduates who cannot find jobs in their field of study. It will also increase the federal debt, which is fast reaching unsustainable levels, unless taxes are increased. While those on the left claim that higher real incomes of those graduates will contribute to higher tax revenues, that assumption rests on such jobs being continually created… and that’s highly unlikely.
As I’ve noted previously, the United States is producing roughly twice as many college graduates annually as there are jobs for them. The scientist and historian Peter Turchin terms this the “overproduction of elites” and has pointed out that such “overproduction” over history has always led to severe societal unrest, if not worse, as in the case of the French and Russian revolutions, because, in time, a significant number of those who view themselves as elites but who do not get elite jobs and income reject the “system” and enlist the help of the economically disenfranchised to attack the elites. In a sense, that was the whole message of the Trump presidency, beginning with Trump himself, who has always felt that the “elite of the elites” minimized him.
Over time, college can’t be for everyone. The question that needs to be asked isn’t how everyone can go to college, but who should attend, and for what reason, because assuming that everyone can and should go is an expensive proposition that isn’t working and that will become more unworkable every year.