Congressional Issues 2012 MORALITY AND CULTURE Higher Education
eliminate all programs of aid for higher education
eliminate all federal regulations of content and administration of higher education
Universities are dramatically biased against the principles of a free economy and the moral values of the Founding Fathers. Parents should not feel pressured to spend tens of thousands of dollars for children's diplomas, when such money might be better invested in apprenticeships, small business capital, or a first home. Congress should amend government hiring policies to de-emphasize university education, and abolish student loan programs.
Funding: Is it Constitutional for the Federal Government to be involved in university education?
Value: Is a university education worth it, even if it's Constitutional for government to fund it?
In light of the staggering cost of college education today, it may seem unbelievable that my father in the early 1950s was able to finance his own education with a summer job waiting tables. Like most in his generation, eight weeks of work per year allowed him to graduate debt free. In contrast, the debt burden now heaped on todays college graduates is so oppressive that the financial challenges are becoming a palpable psychological strain on an entire generation.
The irony is that without easy access to student loans, which have been touted as a means to ease college affordability, tuitions never could have risen so high in the first place. Sadly, it is not students who have benefited, but the educational establishment that receives the proceeds. Colleges collect huge sums of money up front while students get saddled with staggering balances.
The average state university costs over $11,000 a year: room, board, tuition, and books. The average private college costs over $27,000 a year. The Ivy League universities cost $150,000 and more, with costs rising faster than the rate of inflation.
It gets worse. Most students take at least five years to earn a bachelor's degree. Some take six years. And over half never graduate.
None of this is necessary. A self-disciplined student who knows about the seven loopholes of the collegiate system can earn a degree in three years or less, for $15,000 or less. [more]