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RE: The Racket that is Private College: Chapter One
Thanks for giving us your insights. The vicious cycle of indebting the youth despite gross inefficiency in the collegiate system is horrendous. both of my parents were unemployed when I went through college, and I luckily walked away with $35,000 in debt. Some students from families closer to the middle class are not so lucky... I know many with 6 figures in debt with no hopes of paying it off anytime soon.
It's truly abhorrent and many defend the old way of doing things with the seemingly infallible "academic freedom," which equates to letting faculty do what they want with no accountability.