The Downward Spiral of Post-Secondary Education By Andrew I. Fillat and Henry I. Miller
https://amgreatness.com/2019/04/14/the-downward-spiral-of-post-
Something is seriously rotten in our education establishment, especially in colleges and universities. The culprits are the evolution of the educational agenda, the cult of progressivism on campus, and the debt that students accumulate for an increasingly disappointing outcome.
Total student debt as of 2018 stood at approximately $1.56 trillion, and the average student who graduated in 2018 faced a debt of about $30,000. Lending Tree offers a breakdown of the depressing statistics. The average graduate of a private institution owes nearly $40,000, and some 88 percent of graduates are indebted at some level. Students who attend elite colleges without winning scholarships and those who go on to graduate school will almost surely enter the workforce owing $100,000 or more. And these are debts that bankruptcy cannot erase.
Those who enter “professions” such as law, medicine, and business administration can hope to earn enough income to repay the debt. For the rest, the picture is much more bleak. Almost half of those who attended private colleges default within 12 years. Public schools, at least, saddle their graduates with a more manageable burden, so the default rate is more like 1 in 7. But that still represents many people who are experiencing severe emotional strain.
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