Rethinking the USA: Breaking up the college cartel
∅baMa∅ Tse Dung
have blood shooting out of their eyes, to steal a phrase from Glenn
Beck, by the time they finish reading the discussion from the October
31 airing of Paul Gigot’s “Journal Editorial Report” on Fox News
Cable. The panel, led by Paul Gigot, examines the reasons for the
skyrocketing cost of a college education in the USA.
At the end of this post is the portion of the transcript for the
broadcast that deals with the topic. But in brief, the discussion
brought out that colleges have learned they can charge whatever the
traffic will bear for tuition, even during a deep recession, because
they know the government will keep increasing financial aid for low
income students. As long as the aid spigot is turned on for the poor,
the colleges can get away with gouging middle income families because
those are the ones that traditionally put up and shut up.
This means middle income parents who’re trying to get their children
through four years of college are beaten up twice: first, by an
industry that functions much like a cartel by raising their varying
tuition prices in concert, then by taxation going toward college aid
for which the middle class doesn’t qualify.
The upshot is that the college cartel bleeds middle income parents
dry, keeps their children in debt for years after graduation, and
inexorably drives the USA toward fully socialized higher education.
[...]
mtfe...@netmapsonscape.net
> American parents saving for their children?s college education will
> have blood shooting out of their eyes,
So, American parents are lizards?
Mike
PC
"�baMa� Tse Dung" <0bama0....@gmail.com> wrote in message
news:25099462-05a3-4298...@l2g2000yqd.googlegroups.com...
American parents saving for their children�s college education will
have blood shooting out of their eyes, to steal a phrase from Glenn
Beck,
>>
I got this far.