Taking everything we’ve covered so far into consideration, where do we now stand on the subject of free college?
We understand all too well that people are always interested in anything that is free. These days that especially holds true for a supposedly free college or university based education. Those who take a merely superficial stance and prefer not to think it through from beginning to end, believe that free college is good simply because it is free. They may not know or even truly care exactly what a free college education may consist of or generally lack in terms of academic rigor, skillset advancement, or application in the job market, but they do know this much – it’s free and they can graduate with a degree without accruing massive student loan debt – or at least not as much debt as they would have had in the past.
It is sadly pathetic that so many who push for free college do so without knowing or even caring who exactly would be paying for their free college education. In their opinion they feel they are entitled to free college at someone else’s expense. Their collective mindset centers on the firm belief that as long as someone – anyone – out there is paying for it and they’re not then free college makes perfect sense.
It is also true that colleges and universities have become incredibly wealthy over the last 20 to 25 years. They have morphed into educational storehouses for hundreds of millions or even billions of dollars in endowment money alone. Money that they sit on and invest by purchasing land or other assets. Money that could be made readily available to greatly reduce the financial burden placed on students because of skyrocketing tuition and fees, but instead is used to continually enrich our institutions of higher education. Colleges and universities are indeed “loaded” while prospective students and their parents are forced to pay insane amounts of money for anything and everything related to the total college experience.
Can traditional colleges continue to survive well into the future as they exist now?
Many believe seismic changes are coming. That higher education has literally doomed itself into near extinction by virtue of their world-class greed and subsequent lack of any discernible virtues.
We leave you with the thoughts of some experts on the subject of the future of higher education in America – not necessarily their views on the political tool deemed free college but rather what we can expect in the coming years if their practice of extreme avarice continues to be their ongoing top priority.
In their book, Is College Worth It? by former United States Secretary of Education William J. Bennett and co-author David Wilezol, they note:
“New innovators, with new ideas, threaten an uncompromising group of underperforming colleges that are producing unqualified graduates who owe mountains of debt. If traditional higher education wants to retain its prestige, its historical significance, and its students, it should reestablish a college education as an investment that serves the heart, the mind, and the checkbook. If it doesn’t, the future of higher education may move on without it. New challengers in technology and individual and corporate entrepreneurship, along with public dissatisfaction with the current state of higher education, may help us all focus better on our choices, not only as individuals and educational institutions but also as a community and a country.”
In It’s the Student – Not the College by Kristin M. White, Independent Education Consultant (IEC), she writes that the true future of higher education is targeting other viable options much more quickly than many thought possible:
“We are on the frontier of a changing higher-education landscape that offers unlimited potential for the future…..We are on a path to a ‘big bang’ change in higher education. No one knows exactly what college will look like in ten years or in twenty years, but it’s safe to say it will look drastically different than it does today…..There are more than 2,700 four-year colleges in the United States today, and it is not likely that they will all survive these changes. Some colleges are already facing competition to enroll students, which is essential to fund the colleges’ operating expenses. Colleges have taken on a lot of debt to build and maintain campus amenities. Without a steady number of students, they will face major challenges…..There are experts who predict that a thousand colleges will close, while others estimate that it will be only a few hundred…..Online education is here to stay, and it will rock the higher education world over the next ten years. Students should think beyond the traditional model and look at developing their skills in order to be successful in the changing world.”
From CNBC Make It, an article written by Abigail Hess, dated August 30, 2018:
Harvard Business School Professor: Half of American Colleges will be bankrupt in 10 to 15 years
“There are over 4,000 colleges and universities in the United States, but Harvard Business School professor Clayton Christensen says that half are bound for bankruptcy in the next few decades…..In his recent book, “The Innovative University,” Christensen and co-author Henry Eyring analyze the future of traditional universities, and conclude that online education will become a more cost-effective way for students to receive an education, effectively undermining the business models of traditional institutions and running them out of business…..At the Innovation + Disruption Symposium in Higher Education in 2017, Christensen specifically predicted that “50 percent of the 4,000 colleges and universities in the U.S. will be bankrupt in 10 to 15 years”…..More recently, he doubled down on his statements, telling 1,500 attendees at Salesforce.org’s Higher Education Summit, “If you’re asking whether the providers get disrupted within a decade — I might bet that it takes nine years rather than 10.” Christensen is not alone in thinking that online educational resources will cause traditional colleges and universities to close. The U.S. Department of Education and Moody’s Investors Service project that in the coming years, closure rates of small colleges and universities will triple, and mergers will double.”
Traditional College: Inefficient – Expensive – Time Intensive – Corrupted Priorities Fueled by Obsessive Greed – Bankrupt?
Free College: Supposedly free higher education overseen by the same government that has run up 22+ trillion dollars of debt.
If you are interested in efficient and affordable higher education options then look no further than ExtremeAvarice.com.