Another problem with the current system is that the existence of state and federal student loan programs distorts the marketplace and incentivizes colleges and universities to increase tuition. When students can borrow tens and hundreds of thousands of dollars to finance an overpriced education that is worth less and less in the real world, they put themselves in debt slavery to the federal government. The very existence of these loan programs, now amounting to more than 1.5 trillion dollars, enables universities to increase tuition at rates far exceeding the consumer price index.
Were these loan programs eliminated, universities would lose 75% or more of their students at current tuition levels. They would then be forced to reduce tuition to affordable levels.
Let’s Stop the Insanity Now
1.Traditional American higher education is a grotesque, bloated bureaucracy that serves itself rather than students or society and has been taken over by tyrannical leftists.
2.Federal student loan programs should be eliminated.
3.Courses should be offered as a 40-hour work week.
4.Online education is here to stay. Why should students attend live lectures when such lectures can be recorded once by a professor and then watched online by students?
5.With the advent of online learning, expensive campus buildings and stadiums are completely unnecessary and a huge waste of money.
6.With online learning, why is it necessary for students to live on campus in expensive dormitories when all they need is a computer? Campus housing is a complete waste of taxpayer and student money.
7.Professors should be required to teach 40 hours per week.
8.Tenure should be eliminated.
9.State and federal governments should stop giving money to colleges and universities.
10.Extracurricular activities, fraternity and sorority organizations, and sports should be eliminated from college campuses. These organizations can operate independently without subsidy from students or taxpayers.
11.Let normal market forces regulate the higher education market.
12.The result will be lower cost, better service, better education, and a better society.
The Traditional System
The traditional accrediting bodies, state governments, and the federal government ensure that higher education is a bloated bureaucracy more interested in self-preservation than operating efficiently and in the best interest of students.
Traditional educators operate education like they operate everything else: leisurely. It's not their money; it's taxpayer's money; and they are not accountable to anyone for how they spend it. Our elected representatives fund the current system.
The current system has evolved for the convenience of government, employees of the traditional system, including tenured professors, and others who feed off it for their own benefit. Ironically, educating students is not the priority.
This system is vastly overpriced. The existence of federal student loan money keeps it operating to the detriment of students and society. It's time for a change!
Higher education needs to operate in a competitive environment and taken out of the hands of government, the accrediting bodies who have U. S. Department Education approval for student loan programs, and employees of the current system.