The “higher education system” in the United States has metastasized to the point that the body politic will soon be unable to sustain it. Tuition and fees have grown at more than three times the cost of living in the last two decades, outstripping even the rise in the cost of medical care. These enormous costs reflect the burden of a tenured professoriate that is increasingly well paid and decreasingly burdened with identifiable classroom duties. At the same time, the value of the education that it provides is vanishing, even when measured in terms of the financial bottom line. Only a minority of college graduates secures a job that in any sense “requires” a college-educated holder, while total college debt now dwarfs the aggregate of consumer debt and approaches that of all mortgages. At the same time, it is harder and harder to maintain with a straight face that students are—by engaging with pop culture studies, turgid French semiotic theorizing, or left-wing activism—acquiring the intangible and ineffable values of a liberal education, as classically understood.
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