The bachelor's degree has become diluted in its value, unless it's from a well-respected school and the student has a high GPA in a desirable major. In that case the degree will easily pay for itself.
The education industry is huge. I wonder how many people are employed at all colleges and vocational schools in the US. It has to be over a million.
The industry also depends on government subsidies (student loans) to fund it. Can you imagine the price of tuition if there were no more Sallie-Mae loans or if they limited them to $3000 per year? While there are worse things we can waste taxpayer dollars on, it's nonetheless wasteful to bankroll someone's education in anthropology or culinary arts
The education industry is huge. I wonder how many people are employed at all colleges and vocational schools in the US. It has to be over a million.
The industry also depends on government subsidies (student loans) to fund it. Can you imagine the price of tuition if there were no more Sallie-Mae loans or if they limited them to $3000 per year? While there are worse things we can waste taxpayer dollars on, it's nonetheless wasteful to bankroll someone's education in anthropology or culinary arts