Gerry Canavan

the smartest kid on earth

Posts Tagged ‘Rotterdam

Fall Break Links? In This Economy?

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I’ve been very busy! It might not get better anytime soon! But at least I’ve closed all my tabs...

Baldwin: The defunding of public education has accelerated all the public universities’ forays into the realm of what they call “becoming entrepreneurial,” which I described above—land grabs, leveraging tax-free real estate, public-private partnerships, capturing intellectual property, and more. This story has to begin with the Higher Education Act of 1965. That legislation failed to directly fund higher education and instead offered indirect funding in the form of “student assistance” for tuition—a few grants but mostly loans, most of them private. Only through tuition, paid by most students through loans and debt, could institutions receive federal funds. This prompted a drive toward skyrocketing tuitions, the competition for higher-paying out-of-state and international students, and the debt financing of amenities to draw those students, which has created the massive national student-debt crisis. But even more, this strategy of raising tuition, funded through debt, wasn’t enough to offset decreases in public spending. So, at the same time, colleges and universities ramped up their participation in revenue-generating, community-destroying practices.

Written by gerrycanavan

October 24, 2022 at 9:00 am

Posted in Look at what I found on the Internet

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