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OpEdNews Op Eds    H3'ed 6/1/17

"Creative Destruction" in Higher Ed Will Accelerate Under Trump and DeVos

By       (Page 1 of 1 pages)     (# of views)   3 comments, In Series: College Meltdown
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  • 42% of today's college students are living near or below the poverty line.
  • Student services have been cut substantially since the last recession.
  • Total US college debt has increased to $1.4 trillion.
  • Only about 40% of student-loan debtors are paying back more than interest.
  • US college enrollment has declined 5 consecutive years, with no reasonable expectation that the decline will slow down.
  • State-funding cuts for higher education are continuing in several states, with no new taxes and increasing burdens from Medicaid, pensions, and infrastructure repair.
  • More than half of all college teachers are low-paid adjuncts.
  • College mergers and closings are expected to increase.
  • Differences between for-profit and non-profit colleges continue to be blurred.
All are signs of a long-term crisis in US higher education, reinforcing even greater social inequality--what I have coined the "College Meltdown."

Every year, the picture becomes clearer that the College Meltdown is worsening. But vested interests refuse to acknowledge the situation or they claim that the problems are just the first step toward a better, corporate-based solution.

President Donald Trump and Secretary of Education Betsy DeVos promise to accelerate the College Meltdown.

Political conservatives like Richard Vedder have long believed that government funding has artificially inflated college costs, making higher education an increasingly risky proposition. Vedder and others also argue that the College Meltdown is not occurring fast enough, and that unfettered market forces would allow for greater consolidation and "creative destruction."

Trump's long-range plans could put these ideas into practice. Already, DeVos has hired people who have worked for the for-profit college industry. And it's not inconceivable that the US could get out of the student-loan business, handing the reins back to the banks.

Other conservatives will profit, or at least hedge their bets, from the meltdown. The Koch Brothers, for example, are spending money to shape social policy at Historically Black Colleges and Universities.

Do you believe that less government oversight and more creative destruction in higher education will make things better? Should banks be in control of student loans with limited oversight?

 

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Dahn Shaulis is an independent investigator exposing fraud and corruption in higher education.
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Series: "College Meltdown"

When College Choice is a Fraud (Article) (# of views) 06/03/2017
View All 2 Articles in "College Meltdown"
Total Views for the Series: 2016   

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"Creative Destruction" in Higher Ed Will Accelerate Under Trump and DeVos

When College Choice is a Fraud

Willl your state be hardest hit by the College Meltdown?