Eagle: Charles Hugh Smith on Why the Higher Education System is Doomed

04 Education, 11 Society
300 Million Talons...
300 Million Talons…

Why the Higher Education System Is Unsustainable (i.e. Doomed) 

Higher education is a self-serving cartel that is failing students, the economy and the nation.

That which is unaffordable is unsustainable and will go away. The current system of higher education is profoundly unaffordable: it exists on an immoral foundation of student debt–$560 billion of which is Federal. Enormous expansions of student debt are required to keep the current system of higher education afloat. This chart shows the insane trajectory of Federal student debt:

 

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