94 Percent


Ninety-four percent of students who earn a bachelor’s degree borrow to pay for higher education — up from 45 percent in 1993, according to an analysis by The New York Times of the latest data from the Department of Education. This includes loans from the federal government, private lenders and relatives.

And why is this?

Nationally, state and local spending per college student, adjusted for inflation, reached a 25-year low this year, jeopardizing the long-held conviction that state-subsidized higher education is an affordable steppingstone for the lower and middle classes. All the while, the cost of tuition and fees has continued to increase faster than the rate of inflation, faster even than medical spending. If the trends continue through 2016, the average cost of a public college will have more than doubled in just 15 years, according to the Department of Education.

The intro to this story focused on a massively expensive private school, natch, the better for commenters to disregard the story because the young woman quoted should probably have known that great educations are not for those without family fortunes, after all. How dare she want in on the rich kids’ club and take advantage of a means to pay for it?

But the public college cost is where people are truly going to see suffering. If you can’t get into your own state school without loans the size of house mortgages, how on earth are you supposed to even think about college?


6 thoughts on “94 Percent

  1. Preach! It’s a disgrace what we are doing to public education.

  2. I got out of undergrad and grad school without a penny of debt because I was incredibly fucking lucky, used a fantastic welfare program called the GI Bill, got a good scholarship, and got a job.
    Can everybody do that? Fuck no. Should they have to? Also, fuck no. When ninety-fucking-four percent of people who get bachelor’s degrees have to do so by mortgaging future earnings, we have fucked up as a society.

  3. I go to UW – Superior. Tuition here is $2,000 less per year than UW – Madison. Yet students at UW – Mad leave school owing less. Why? Because students at UWS are poor. 89% receive federal assistance – Pell grants, what have you – 20% more than the average in the system.
    So the poorer students are leaving public school with a higher debt than those who are even minimally better off.
    Another interesting statistic is the change in state support for students in the UW system, dropping from more than 60% to less than 40%. All that has been thrown onto students. Yippee!
    Thanks to State Senator Jauch for his support of our campus. Who knows how much worse it would be without him fighting for us?

  4. The uneducated vote trends Republican. So block education. Can it be that simple?

  5. To complete the circle, those without education make less money meaning they pay less taxes (by amount, of course, the rich pay less percentage wise)keeping the govt from doing anything for the people.
    The lack of education also lowers any advantage our workers may have over 3rd world nations. Keeping wages low and the workers under constant fear that jobs will be moved overseas (keeping the fear factor up leading to the republican fear factory (see racymind above). More xenophobia. More willingness to do anything to protect against threats (real or imagined – including favorites of duck and cover to escape damage from a nuke at ground zero and duct tape and plastic against chemical warfare. More invasive TSA…)
    Coming from the South in areas that started as colonial, we’re moving back to the plantation where the Lords moved to the beach to escape the summer heat while the slaves in the rice patties had a very short lifespan.

  6. Paddies.
    And when companies don’t have any problem paying the shipping both ways to China because labor costs are so much lower … we’re not living in a sustainable society.
    Remember Henry Ford? He was wrong about a hell of a lot of stuff, but he was right about one thing: you have to pay your worker enough to buy your product if you want to succeed in business.

Comments are closed.