Tuesday, November 01, 2011

Occupy the Ivory Tower

Have the snows driven out the Occupy protestors?  It doesn't matter; they're in the wrong place anyway.

The protestors, though they have brought attention to issues we all feel, are in one sense fighting yesterdays battle. The bank and car bailouts are over. What they should be fighting is the root ideas that caused those debacles. Ideas and, yes if greed is a vice, then morals.

For that fight they shuold look to the Ivory Towers.

William McGurn takes this on this morn, in What's Your Kid Getting From College?
"The average college debt load is about the price of a new Toyota Prius—$28,100 for those with a degree from a four-year private school, $22,000 for those from public schools."
Which isn't bad, actually.  It's better, in fact, (adjusting for inflation) than I got. And since the rates are low and the return in wages high, if a graduate forgoes the new car and skimps on the dinners out, life should still be far superior to anyone working their way through as a waitress or roofer.

McGurn suggests another question, though. About the non-loan part. The part we as a society pay for them.

With one year at Ohio State budgeting out at $27,000, society will pick up almost $100,000 for the average incoming freshman.

It's fair to ask what they are learning that benefits us all.

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