An old post meant for May, but posted in December, in response to Nick Lemann’s New Yorker article on the cost of college :
It’s common knowledge these days that student loan debt has soared past credit card debt in the United States, and Romney and Obama have drawn their lines in the sand about the cost of college and each man’s plan to fix it. The problem is that Mr Lemann’s argument – government should continue to “pump” money into the system to “spread opportunity more widely”, a “small price to pay” for long term gains in society – implies that the system will figure itself out as if it has two eyes and a head. Those running elite institutions (like the ones Mr Obama and Romney attended) will continue to function as elite, with endowments and governmental grants that have protected nonprofit schools from faltering along with their moneyed, status-driven alumni and celebrity rankings. But he mentions that “the system is built to take in just about all high school graduates” , which is a false assumption. Harvard and all want-to-be Harvards vie for top spots in the national rankings which are geared towards exclusivity and unattainable statuses. State colleges are no better- the CSU system has failed to accommodate its rise in yearly applications and has cut funding so much that it will deny more students than ever. And what about all the high school graduates who are well beyond college years who seek an education? There’s community college, which is also plagued by capacity problems. Any hard look at the current system will reveal that it is not focused educating the masses, but rather those with deep pockets, or in recent years, international students with even deeper pockets. Democracy in education is not a dream for the incumbent institutions, indeed, but rather a nightmare.