BuckeyeJim
King
It's called a public goods problem. The costs are simply too high for everyone who could benefit from it to pay for it themselves. And so not enough investment will take place. And because of that the total economic growth of the nation will be held back.
This sounds like a load of malarkey to me. You can get a good education and not pay a whole lot in this country. The key is to pick a career path and an educational path that will pay itself back. I didn't say it would be easy, but I didn't come from money. I didn't even start off with a scholarship to the Community College I started off at. But I worked my tail off, got a 4.0, and proceeded to get a significant scholarship to Ohio State! Even if I hadn't I still would have attended OSU to complete my bachelors degree in Communications because that investment would pay itself back over time. I mean, isn't that the point? Isn't that a really derivative concept? Determine what you want to do and pursue a degree that will be cost effective? Community Colleges are not expensive at all, and state schools are certainly not prohibitively expensive either. There are other options as well. Many of my peers that I attended school with actually went to two year trade shows and are making out much better than I am churning my way towards the PhD day by day, year by year. Guys went to school to turn wrenches and have base rate pays in excess of 25 dollars an hour and they're under 30! Nothing wrong with that route in my book. There's plenty of demand, and plenty of economical routes for individuals to take that are: A.) Affordable B.) Pay off in the end, and C.) Within the capabilities of varying people.
It's my opinion that people downplay secondary education and all the varieties of secondary education that are available for everyone. The problem is that there is an illusion of not being able to afford college. While it's true that most people cannot afford those upfront costs, a judicious examination of colleges and careers will allow anybody to pursue a path that will allow them to afford college down the road and pay back those loans over time. Again, at my peak I had 23K in total debt accumulated over the course of my bachelors. It was a $300 monthly payment. Not that bad for what I would have in the end of 40 years of employment thanks to that degree.
I mean, why would you pursue a path towards higher education if you couldn't pay it back? Education is an investment. And it should be a personal one at that. People just need the right perspective, the right motivation, and the right mindset.