I think everyone has noticed that the tuition at colleges and universities have been surging at a much faster rate than the rate of inflation, why is that?
Back in the 1990s a college student could afford all of their tuition with a summer job and a part time job during school years, but that is no longer the case. Have we asked ourselves why?
The fact that tuition is increasing at a much faster rate than inflation tells us that our higher education system is broken. The system is rigged to benefit the schools, book publishers and the special interest groups at the expense of the students’ future prosperity.
I know that there’s a powerful education system (I call it the Education Industrial Complex) in the back that’s driving up the cost and exploit students’ wealth. Now they are moving into our families’ wealth with all the tuition investment plans where parents will need to put away savings for 18 years to support their children’s education. First they put the students in debt for a long time, and then they go after the families’ investments, one must ask: Is this some kind of financial scam that someone wants to control our wealth?