College President's Children Don't Need Student Loans
Contrast the previous entry ("Miracle in Kalamazoo") with today's news report that five U.S. college presidents now receive more than one million dollars in annual compensation, with many more not far below the one million dollar barrier.
It would be a digression to dwell too much on the sorry state of U.S. higher education today, or to mention my own experience as a graduate teaching assistant at a "major research institution", where at least two students in each class I taught were functionally illiterate. Suffice it to say that the quality of U.S. higher education is generally poor, and there is a reason why high school graduates in a country like Russia are generally regarded as better educated than many U.S. graduates from four year institutions--including the same four year institutions whose presidents are compensated somewhere around one millions dollars each year.
Instead, I'll just note that tuition costs are far outside the reach of most students. Specifically, they are outside the reach of those students who are in the worst financial position to take on massive student loan debt before they have a college degree, and before they even apply for their first responsible job. However, many of the presidents of these same overpriced diploma factories are in a fine position to send every member of the largest family they can spawn to Harvard Medical School for eight years. You would think that only the presidents of colleges and universities that graduate only literate, well-educated, and competent students would earn that much money, for a job well done.
But that is simply not the case in a nation where the American Debtors Prison is fueled in large part by a predatory student loan system. Plato's Academy this ain't.
All the best,
Paul
It would be a digression to dwell too much on the sorry state of U.S. higher education today, or to mention my own experience as a graduate teaching assistant at a "major research institution", where at least two students in each class I taught were functionally illiterate. Suffice it to say that the quality of U.S. higher education is generally poor, and there is a reason why high school graduates in a country like Russia are generally regarded as better educated than many U.S. graduates from four year institutions--including the same four year institutions whose presidents are compensated somewhere around one millions dollars each year.
Instead, I'll just note that tuition costs are far outside the reach of most students. Specifically, they are outside the reach of those students who are in the worst financial position to take on massive student loan debt before they have a college degree, and before they even apply for their first responsible job. However, many of the presidents of these same overpriced diploma factories are in a fine position to send every member of the largest family they can spawn to Harvard Medical School for eight years. You would think that only the presidents of colleges and universities that graduate only literate, well-educated, and competent students would earn that much money, for a job well done.
But that is simply not the case in a nation where the American Debtors Prison is fueled in large part by a predatory student loan system. Plato's Academy this ain't.
All the best,
Paul
posted by Paul at 12:23 AM
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