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Old 11-13-2013, 10:03 AM
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Dragar Dragar is offline
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Join Date: Jan 2005
Location: The only hill in Oxford
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Default Re: Student Loan debt

I don't think university has been about getting appropriate skills for the workplace for a long time, if ever in my lifetime. It is about distinguishing yourself from the other people all trying to get a good job - educational Peacock tails.

A free market in education should eventually push costs up so high that the lifetime financial benefit of going to university is pretty much the same as the lifetime costs - perhaps it will even be more expensive, as university is good fun. We may already be there. The case for subsidising the education of bright kids from poor backgrounds becomes a lot harder to make, I think, when this happens. Which is a shame: in the past, when education was less of a Peacock tail, it was a genuinely solid way of improving social mobility. That tool now seems to have been removed, or at least severely diminished in effect.
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