It's certainly a troubling trend, but it's not as troubling as it seems. One huge factor is the corresponding increase in financial aid, particularly at top institutions——if you came from a poor family several decades ago, you would have had to work your way through Harvard, now you will get full aid and can even get grants for summer activities.
That's honestly a huge boon to meritocracy which we should not forget about. All these people pushing for the elimination of aid and a shift to market mechanisms need to seriously consider the impact that a zero-aid, market-based system would have: a return to a time when only the wealthy could attend great institutions and everyone else is relegated to community colleges and second-tier state universities. That's what market mechanisms are great at: matching products to people's ability to pay.
I dearly hope we don't actually want that for our country. It undermines the very meritocracy we pride ourselves on——if we can't get an equal education, regardless of economic ability, then the rest of the market-based American economy is a sham of wealth perpetuation.
---------
On a completely different note, I do actually think it is possible to work full-time during college. I've done so for the past year, in a fairly intense job capacity. I'll be graduating with enough money in the bank for the down payment on a small house.
White kid from the lower middle-class. 4.7 high school with all honors and graduating with an AA. Had to start almsot completely over classes-wise because of the structure of the CS degree so what should have been 3 years is now 4 years at $16k a year. And $24k for the last year because of the new "if you go over X hours in your degree you pay double tuition" rule. So $72k of debt stepping out of that door. Almost all the jobs I've had offered are barely above MW, and the internships are the same or unpaid entirely (which is a scam, of course).
So good for you - you can get your house. Meanwhile the other half of us cannot work off our debt even if we worked full time and put 100% of our income into paying it off.
That's honestly a huge boon to meritocracy which we should not forget about. All these people pushing for the elimination of aid and a shift to market mechanisms need to seriously consider the impact that a zero-aid, market-based system would have: a return to a time when only the wealthy could attend great institutions and everyone else is relegated to community colleges and second-tier state universities. That's what market mechanisms are great at: matching products to people's ability to pay.
I dearly hope we don't actually want that for our country. It undermines the very meritocracy we pride ourselves on——if we can't get an equal education, regardless of economic ability, then the rest of the market-based American economy is a sham of wealth perpetuation.
---------
On a completely different note, I do actually think it is possible to work full-time during college. I've done so for the past year, in a fairly intense job capacity. I'll be graduating with enough money in the bank for the down payment on a small house.