Taxpayers Lose When Colleges Are Too Big to Fail

Food for thought! :thinking: The main emphasis is not on DL, but USA higher education cost vs performance in general.

“It may well be that some schools are “failures” in a meaningful sense -- their seniors know no more than their freshmen; their graduates are underemployed or have low-paying jobs; and they provide less student satisfaction per dollar spent than at comparable institutions -- but we really don’t know that.”

“What if kids start saying no to college? Will this ultimately lead to an enrollment decline? Will the too-big-to-fail subsidies of colleges lead to a new phenomenon: too failed to be big?”

Taxpayers Lose When Colleges Are Too Big to Fail - Bloomberg

 

College debts come to second after real estate market in the United States. So, it is not surprising when it comes to Taxpayers to be blamed. The problem that undergraduate college students do not know what they want to do when they graduate. They just take the majors that do not produce ROI. Just take a look at the girl from Northeastern University, Kelly Space, $200,000.00 student loans with a Bachelor of Arts in Sociology. Aren't that Facebook, Twitter, Myspace, Linkedin, FourSquares, Friendster, YouTube, Googl+, and etc. enough for sociology?