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Inflation has been almost non-existent during the Obama years, yet you wouldn’t know it if you look at the rise in college tuition statewide, especially in California. Students in high school are told that college is mandatory to have a fruitful life and live in the elusive middle class, and they are told to go into debt to earn that degree (more like financial slavery) without collateral. Most college professors and administrators are in the 2%, not 1%, but far ahead of what their students should expect to reach. Let’s talk, because the academic bubble is still building and about to burst, things have gotten out of hand.
There was a rather disturbing segment on ABC News Affiliate in Los Angeles (Eyewitness News 7) recently titled: “CSU Trustees Vote to Increase Enrollment by 5% Amidst Student Protests” on March 22, 2017.
First, I would like to point out that education has not improved in the California State University System, in all respects and accounts, it has worsened. Graduate students are valued less in the marketplace as employers realize that their education is not that great and that those degrees do not predict that students will be productive employees or even have a clue of what they are doing.
Most professors, especially full professors, don’t teach much in the classroom as they spend a lot of time on sabbaticals and now have graduate students giving lectures. Rising college costs have to do with inherited costs (pensions) and increased Cadillac Style Health Care programs for staff and faculty. While their pension fund isn’t as bad as the underfunded University of California System, it’s also not breaking any records – this Trump Bump in the stock market recently saved their butt (temporarily) if you want to know the true skinny on that.
It’s time to face the facts: the CSU (California State University) system is broken, the academy is broken near the damn universities that award degrees in Gender Studies, Sustainability, Ethnic Equality, LBGT Studies – those kids are not going to get never work. Pay off those student loans – the academy is drugged by any observable rational standard – worthless – totally worthless surviving off Federal Tax and Research Grants and extortion of tuition, grants, and socialist agendas. Some in our group of online experts, to put it bluntly, let’s say; “To hell with all this, now it’s just plain silly,” and I think these members of the think tank are absolutely right.
Why the 5% increase in tuition when enrollment is at its highest? Why increased tuition without major benefits? The titles are not worth more than last year, in fact, now they are worth less. The California State University System is out of control as is the University of California System, and the academic world across the country has student loan debt of around $ 1.4 trillion, 45% of the total. those loans have never made a single payment or are 90-days past due. The academic industrial complex is a giant bubble waiting to burst, and what does the CSU system do? Increase tuition? Oh well, that’s going to help a lot … NO!