Originally Posted by Amnorix
No, I'm arguing that there is a growing disparity in the COST of a college education versus the VALUE of a college education. That disparity is being driven by a number of factors, but primarily:
1. constantly dramatically escalating tuition costs due to inflated demand and no-risk students because most tuition payments are essentially guaranteed by the federal government.
2. flat or nearly flat value of college education, particularly to those who graduate with soft (i.e. worthless) majors such as poli sci, history, English and other majors where unemployment is high, and salaries are low.
It would be nice to see some analysis of income based repayment plans on a large scale. I know that IBR is one of the main things that keep law school an economically rational decision for 80% of law students.
It's essentially a back-end subsidy as opposed to front-end.