Discussion Topic for 3/17: Higher Education and Rising Student Debt
Please join us for a discussion this Saturday, 3/17 from 3-4pm on Higher Education and Rising Student Debt. To help us frame this discussion, we pose two questions:
1) What are the sources/causes of rising educational costs and debt? and
2) What are the personal and social values and/or purposes of higher education?
To further frame the discussion, may we suggest the following links:
First to set the student/education debt issue in broader context, we will introduce the following historical chart of the total U.S. debt-to-GDP ratio:
Next, an article that contains a story of an unskilled mill hand who worked his way through school and became a high school teacher in earlier times. (The text seems to have decayed in the blog archives, but the overall thrust of the post is worth reading, despite difficulties.):
And lastly, a recent update on the student/education debt in current economic context. $870 billion amounts to about 5.5% of GDP and 14% of after-tax household income.
As always, further suggested readings or links are very welcome. Feel free to provide them in the comments below.
Hope to see you for a great discussion!