On the Foundation for Economic Education’s site, Isaac Morehouse argues that “The Last Leg Universities Stand on is Collapsing.”
Having earned a degree used to set one apart. It betokened advanced learning. It was a badge of honor. Then, along came the federal government’s policy of access for all. Higher-education leaders wanted the money that came with a flood of students. They let standards fall to keep the mass of students (or, as a friend says, “tuitioners”) happy. The bloom is off the rose.
Writes Morehouse, “I can think of few things less respectable than unthinkingly going into debt to spend half a decade drinking and begrudgingly completing meaningless assignments for professors detached from the world all so you can emerge with a piece of paper that does nothing to help you start a career and mindsets that make success harder.”