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America’s ever-deepening college debt problem is really a symptom of a worse malady: our societal addiction to college itself.
Any sober assessment of the facts would indicate that too many Americans are going to college. As a result, college costs—and debt—have skyrocketed while the rewards for college have plunged.
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Yet this is something that has escaped the attention of our political elites. And, as it turns out, our financial and cultural elites—as the recent college admissions scandal indicates. Many Democrats want to double-down, promising “free college” to young people—a euphemism for college funded by taxpayers.
Perhaps surprisingly, Ivy-league educated Ivanka Trump has recently come out as a skeptic about America’s love affair with college. The first daughter has taken up a leadership role in the Trump administration’s workforce development efforts—and shown a remarkable candidness when it comes to our college problem.
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“I think culturally, for a long time we have created and perpetuated the narrative that there is one pathway to achieving the American dream and its four-year university,” Ms. Trump said in a recent interview.
Trump goes on:
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That has been instilled into American students, it’s often American parents that feel that is the only viable path. So you have kids going into school racking up enormous amounts of student debt that they’ll often take decades if there ever able to pay it off without a skill, if they ultimately graduate. So I think opening up the prism and saying there are many different pathways. It depends what you want in your life and taking the stigma away from those who choose alternative pathways who choose technical schools, vocational education. At the end of the day, it’s about connecting workers with their passion, with their jobs. There’s very little opportunity for somebody who wants to the vocational route, the technical route because all the money...
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