RIP public higher ed
This quote from Janet Napolitano, now head of the University of California system, is via Ed Kilgore:
[I]t is troubling to consider that at some point in the last six years, 41 state legislatures in the United States slashed funding for their public universities and colleges.
Sadly, funding remains constrained for public higher education, despite an economy that slowly grows more robust. Only 14 states have re-invested in higher education at levels equal to or above their pre-recession levels. Last year, 20 states actually cut more funding from their public universities and colleges.
... the deep cuts in higher ed funding by state legislatures that occurred nearly everywhere during the Great Recession haven’t been fully restored much of anywhere, despite radically improved state fiscal climates.
Libertarian paradise here we come. Higher education will only be for those who can afford to pay huge sums or are willing to indenture themselves for decades. (And I'm sure the for-profit fly-by-nights will continue to sucker low income students into going into crippling debt.)
The skyrocketing public college and university tuitions we’ve all become accustomed to seeing are the direct result of this reduced state support. And it’s worth remembering that no matter how much progress we make in controlling college costs (and student debt levels) through various reforms won’t much matter if state legislatures perpetually pocket the savings and disinvest in higher ed.
It sounds like perfect preparation for the new servant economy.