MCViewPoint

Opinion from a Libertarian ViewPoint

Education Cost and “Government Money”.

Posted by Martin C. Fox on October 25, 2012

The Erie Times has been bemoaning the cost of higher education.  I contend a major factor is government backed education loans.  The government makes it easy for students to get big dollar loans and schools are taking advantage.  Colleges and Universities can jack up their tuitions and pay scales leaving Jane and Johnny with six figure debts to pay.  It is a win/win for the schools and teachers.   They get paid no matter what.  When Jane and Johnny default taxpayers foot the bill.  If the government didn’t stick their nose in and let borrowers be responsible banks would not be so generous.  The fact that school loan defaults are up is no big secret.

One remedy mentioned by the paper is the internet.  On-line education is getting more available and more popular and at relatively low cost.  It may not be long before schools of all types will have to start scrambling and rein in costs.  One obstacle will be teachers unions.

Be seeing you

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3 Responses to “Education Cost and “Government Money”.”

  1. Mike Rowley said

    We all know what makes up the majority of school student-bodies these days. This is a big part of the problem. The occupants of schools for the most part don’t want to learn anything. They’re only there because their parents wont or can’t deal with their bull shit antics. Lets face it education is’nt for everyone. Most school occupants are only genetically fit for manual labor or front line military service. Sad but if you’re honest with yourself you’ll agree. The teachers are the other major problem. They have been able to convince most people that they are something special. In fact, they are glorified babysitters who are vastly over-paid. They took the easiest courses in college for a life-time do nothing job. Whatever money thrown at public education is for the most part a waste. Public education is designed to make obedient subjects unable to think for themselves. Fill their heads with useless politically correct propaganda and manufactured histories of America and the World, and call it Education.It’s a wasteful fraud foisted upon America for the better part of a century.

  2. Doug Rowley said

    You need more and more education in order to get degreed, certified, or licensed in almost any decent paying job. It’s not just an incredible money investment, it’s also a huge investment in time. By the time a person is ready to start a career they are 30 years old and $150,000 in debt. Now they got you. You have to keep your hard earned certifications or licenses. You’ll do whatever you’re told. What are you going to do?…….Start over. Did you see the young lawyer in the paper the other day from, I think, Crawford County, or Mercer County? He makes $35,000 and owes $250,000!

  3. Voucher advocates argue that the introduction of educational vouchers can make improved educational opportunity available to the most disadvantaged children. Critics contend that vouchers increase the risk of exacerbating inequities based on race and socioeconomic status. They fear that in order to remain competitive and save costs, private schools will have incentives to skim off the highest performing students who are usually least demanding in terms of resources. Most evidence suggests that unrestricted choice in Chile has exacerbated stratification. Researchers have found that private voucher schools “cream skim” off the high income students while relegating disadvantaged students to public schools. What has been overlooked, however, is stratification levels within public and private school sectors and variation within private school for-profit and nonprofit (religious and secular) sectors. In this paper we examine public and private school enrollment practices in response to vouchers. We find that public schools are more likely to serve disadvantaged student populations than private voucher schools. We also find that the typical public school is more internally diverse with regard to parental income and education than the typical private voucher school. While differential behavior is also found across private school ownership types, the differences do not always comport with theory.

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