It’s not just Congress, the Trump Administration and parents who are upset with US higher education today.
A new Gallup Poll finds that fewer than one in five current or prospective U.S. college students believe four-year colleges “charge fair prices for what they offer students.” A whopping three out of five (59%) think price gouging is going on.
Two-year community colleges (which often focus on vocational or technical skills) have a better reputation. Even so, only 40% of college students say those institutions charge fair prices.
This has been driven by a spigot of federal grant and loan dollars that schools have captured through tuition increases (some are up to $70,000 a year).
Nearly 3 out of 4 American borrowers say student loan debt has forced them to delay a major life event — whether it be buying a house, having kids or getting married.
Trump’s executive order to end the Department of Education notes correctly that it has become, in effect, the nation’s largest and worst run bank. It’s past time to privatize and rationalize higher education.