I have often felt guilty that my salary depended on students and their families getting into debt. To me, working at a university was never transactional. I always felt a deep commitment to students. Every once in a while, because of such sentiments, I have even talked with students about the precious dollars.
In the following commentary that was published in May 2011, I even referred to those kinds of discussions that I have had with students.
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If only we were all aware of the cost of higher education and engaged in those discussions as much as we are painfully in sync with gas prices.
Every once in a while I point out to students that in the academic quarter system, it costs about $110 every week, per term, for each of the four-credit classes that I teach. A majority of that $110 is paid for by students through tuition and fees. Taxpayers chip in a significant amount as well.
Such an expensive investment is guided by a belief that college education is about future employment and economic productivity, but that's not entirely true. In fact, this linkage of higher education to economic performance is relatively new in human history.
Education, for the longest time, was not about credentialing for the trades. As one looks back to the days of gurukula in India or Plato's academy, it becomes clear that education was simply about knowing. Preparations for the trades and professions happened elsewhere.
Thus, higher education wasn't an industry, either. Galileo pursued research on the cosmos because of his undying, and heretical, curiosity, not because he thought of it as a convenient opportunity to charge students fees that they could not afford.
But especially since the post-World War II years, there has been a transformation that's resulted in a twisted understanding that higher education is some sort of a credentialing service for young adults interested in joining the 21st-century equivalents of trade guilds.
The irony is that it doesn't require an undergraduate degree to complete the tasks in service-sector jobs. Yet we've managed to convince ourselves that a college diploma is a must-have for mere survival, let alone prosperity. Most students I talk to feel that they have no choice but to get a college diploma if they want to get any sort of job anymore. And that presents a horrible choice.
After spending $110 week after week for classes like mine, students graduate, typically, with about $20,000 in debt, only to realize the realities of employment. Despite all my full disclosures in the classroom, they are shocked to find that there really isn't a job waiting for them and that their diploma isn't necessarily the guaranteed route across the (un)employment gates. In fact, trade guilds often add and require their own training and certification.
At the end of the day, the only beneficiaries are colleges and universities that are, naturally, recording enrollment increases -- even in my classes in the summer. This enrollment growth then triggers the need for additional facilities, which necessitates a demand for more money from students and taxpayers.
Such a higher educational system cannot go on forever. As economist Herbert Stein famously remarked, "If something cannot go on forever, it will stop." I suspect that it will come to a crashing halt when students, and their families and taxpayers, begin to see the numbers flashing by really fast on their meters.
Maybe students and taxpayers will then demand a refund of the money they spent on my classes, eh?
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