Why in the world is student debt treated differently than all other kinds of debt? Why does the cost of college keep skyrocketing? Why do colleges and universities have so little skin in the game when it comes to the debt students incur to attend these institutions?
On this episode of Crazy Money, Oren Cass helps answer these important questions about higher education in the U.S. Oren is the author of The Once and Future Worker: A Vision for the Renewal of Work in America, and his recent article "The Banality of Student Loans" outlines the contradictions and self-defeating policies that have led us to this educational morass.
Oren and I discuss:
Why we have a “college for all” approach and why it is the wrong way to prepare the vast majority of young Americans for a career—especially those who need an economic boost the most
Why the federal government should not underwrite student loans and who should
Why colleges and universities should take more accountability for the price and product they provide to their students
And I (Paul, yes it’s me writing these show notes) vent about “these damn young kids - don’t they know what ‘obligation’ means?”
I know you're gonna find this conversation interesting and enlightening and you should share it with all your friends.
Share this post