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With all the layoffs I wonder how that will turn out
This is wonderful. Hopefully this is an extinction level event for all of the toxic degree factories that were created just to take advantage of the non-dischargeable student loans. US tuition almost tripled in the last 15 years but the quality of education didn’t triple.

Trump himself took advantage of this by creating Trump university which was a for-profit degree mill.

All of those “schools” needs to be wiped off the map and hopefully get replaced by schools that show real value.

Holy shit this is a great idea. I get the complaints about the arts, but colleges have enjoyed essentially unlimited patience for larding up their programs with extra fees, bullshit credit requirements, and more, for decades.

I don't personally think that efficiency should be the primary concern of colleges, but it should be a concern, and it just plain hasn't been for ages. And that indulgence has been cloaked in specious, ivory-tower claims about producing well-rounded students. "You can't complain about being require to take a 100-level history course because our job is to turn out renaissance scholars who can debate philosophy at cocktail parties before going to work doing something that has absolutely nothing to do with that."

All the while, those additional credit hours cost students a shitload of money and debt and take focus away from their actual fields of study.

Colleges and universities need a kick up the ass to make them actually give a shit about outcomes for their students. I'm not going to cry that they're getting one.

I feel like I have not really heard a compelling reason why student debt should not be dischargeable thru bankruptcy like (afaik) all other forms of debt. I am curious what the ramifications would be if higher education institutions had to (in some form) co-sign the debt being issued.

I do get that not all education should be purely for economic reasons, but as an autodidact I feel that "learning for the sake of learning" does not need to come with the prices that people are paying for degrees.

Hopefully this will revamp the educational system in such a way that the pejoratively named "trade schools" can confer bachelor's degrees on their graduates as well.

I don't really see why some no name university can confer a bachelor's in some bullshit field, but the respectable local trade school cannot confer a bachelor's in plumbing. They honestly have more of a right to do so.

This is great. Those bullshit degrees are example of externalising costs and capturing profits.

Although, unfortunately, I suspect that this will be gamed by things like “this is super unique diploma” and there are no pros on market yet. Rotate that every 5 years and voila. I’m sure that every smart people are already thinking about schemes much more elaborate

> If a program cannot show that it leaves its graduates financially better off than if they had never enrolled, it should not be underwritten by federal taxpayers

Wouldn't this punish a huge number of students who struggle academically, by comparing them against better-achievers who simply skipped school?

The two populations being compared are entirely different for a lot of schools. Just because the average student skipping college does better than the average student attending a particular college, that doesn't mean the average one that attended college would've done as well as the average one that skipped.

Another issue I don't see how to solve is: how do you even gather the data? That is: how do you even know if someone (a) is doing the same job as a graduate of your program would do, (b) actually skipped a program or its equivalent, and (c) is making more than a graduate of your program?

All of these are personal and private information. If I apply to a startup tomorrow and get hired without listing my engineering degree on my resume, then are they supposed to add me to some national database of uneducated engineers, list my compensation, and explain that they would've hired a graduate for the same role too? If I apply to another company and list my degree then is that gonna overwrite the database? How the heck would this actually work?

Clock hour schools have been held to this standard forever. It’s called gainful employment. It was always bullshit that credit hour schools didn’t have this standard, as if it was 1930 and colleges were here to help us think thoughts rather than as part of the jobs pipeline.
This is not great. The purpose of higher education is not to get you a job. That's certainly a nice side-effect and I hope that all my students will be able to support themselves through good employment. The university is there to educate you, not train you. It's to turn you into a better thinker, a better person, and someone more capable of living well.

Making art and humanities programs demonstrate some kind of pecuniary benefit is disgusting and myopic. My wife pursued English because she loves writing. She's earned about 0 dollars from that degree because she's home with our kids. And that's OK! Our lives are so much richer because of her degree—as well as the classes I took from the English department. So we should penalize the humanities because it merely makes people better thinkers and doesn't have as high of an ROI as an MBA? Yuck!

(EDIT: the article does mention that this bar is low—so not too bad—but the fact that this is a metric and criteria in the first place opens this up to abuse in the near future.)

I get that it's intended to cut down on ballooning tuition and fees, but *this is not the right way to do that.* (Actually, if we eliminated half the administration, I wonder how much we could cut costs…)

No offense to your wife, but why should the taxpayers fund her English degree so that she can then stay home with the kids? Sure, there might be some diffuse societal benefit, but if you can’t quantify it, how can we collectively decide if the benefit is worth the cost?
I'm all for informed consent - publish the data - but leave the choice to the individual. The goal of education is self-improvement, not necessarily/only money.

The way student debt is (mis)managed is a different issue.

imo this is pants on head backwards. The whole problem with the current university system is that it has become exclusively a credentialing system that everyone uses to justify higher salaries. We’ve completely left the education part of it by the wayside…except for the liberal arts majors who are actually there just to learn! This rule is just encoding the existing tulip mania into federal law directly, by making it clear that the ONLY reason one goes to school is for future $$$
Gut feeling here is that this is going to result in significantly lower higher ed enrollment, and therefore a less educated populace.

Less federal aid means fewer students can afford our insanely expensive educational system. This will pull up the ladder on the younger generations.

We do not teach history or ethics, or much in general to our pipeline welders, but they make bank for their hard labor. Meanwhile our well educated school teachers are paid nearly nothing. Both are needed (although I would argue teachers more so). This is not fundamentally an issue of failing educational institutions (although they may well be lacking), but an issue of societal incentives. The welder is paid by the oil corporation; the teacher by a dwindling percentage of your tax dollars.

We are living in the information age yet we have a crisis of education. We desperately a solution that increases both educational access and quality for everyone regardless of their career path. We need more, better, cheaper education. We need more incentives for an educated populace. This does not achieve that: in fact it aggravates the issue.

> Less federal aid means fewer students can afford our insanely expensive educational system.

A significant reason it is insanely expensive is because we keep shoveling public money into it.

Higher ed is a cash incinerating inferno. When there is an out of control fire you must stop throwing fuel into it.

Well, these Heritage Foundation guys in charge are all about the big picture. Less educated populace? Make it happen, I don't care how.
> But this new test, known as "do no harm," raises some thorny questions about the purpose of college. Like: Is it just about making more money?

If this is a fair question to ask students, then it is a fair question to ask the schools as well. They are the ones charging enormous amounts of money to students for this.

This doesn’t prevent people from learning to paint or play the clarinet. It prevents students from taking out enormous loans for it.

Everyone seeks education, healthcare, retirement.

Whether public or private it seems that the correct price that all systems asymptotically approach is exactly infinity.

Isn’t this already a solved problem with models that are used in various countries in the EU? Where the education is financed through taxes, thus you don’t pay anything up front, but keep paying for it for the rest of your life.
As a European, both the idea of taking a loan for a useless degree and the idea of considering this loan you took out of your own free will as an adult as some kind of evil and malicious thing you shouldn‘t have to pay back are extremely bizarre to me.
There are many programs that exploit credentialism to funnel public money into highly endowed universities. People leave with Bachelors degrees, Masters degrees, and even PhDs in fields that have no purpose but to serve the student as a crop to extract money from the government for. This kind of structure where the student has learned so little that no one finds their extra credentials worth the slightest wage premium is exploitative of students, certainly, but it also has knock-on effects as these under-educated over-credentialed people are then forced to request student loan waivers.

An atrocious way to take public funds and transfer them to private institutions. These kinds of things work so long as our economy is growing, but this kind of extractive behaviour will hurt us if we can't find the next great thing the next time.

Thank god the economy rewards everything we consider valuable with appropriate monetary compensation.
I’m an arts graduate from a well-ranked public Canadian university where domestic/in-state students are heavily subsidized by public funds (domestic students pay only 20-30% of the real cost of enrollment[1]), and I’m probably more sympathetic to this rule than a lot of people in this thread.

A lot of my peers fell behind financially after graduation, struggled to find work relevant to their interests, and then concluded that they needed a master’s degree to become competitive. But in many cases the real problem was not that they lacked another credential or the right credential. They were aimless, had no clear professional direction, and were using more school to postpone dealing with that. They got into $200-300k CAD of debt because Canadian universities are built to enroll at scale and no real meaningful filter exists to weed out people who have no business going down this path. [2]

Universities encourage this because they want to have it both ways. They market the degree as a path to professional opportunity, admit at enormous scale, and charge enough to sustain constantly growing faculties (with the majority of those costs being borne by the public ledger). Then, when graduates struggle, they retreat to “education was never about earnings” and “you learned lots of useful soft skills that employers want, it's your fault for not marketing them better.”

An arts degree should at least certify some meaningful level of writing ability, judgment, discipline, and intellectual competence. In my experience, the same credential was awarded to excellent students and to people who could barely construct an argument. Some of the dumbest arguments I heard during my degree were in fourth-year seminar courses.

Anecdotally, most of the international students I knew were very capable and competent, which made sense given how much they were paying to be there (some families went into extreme debt by Global South standards to get them there).

Meanwhile, the domestic admissions system felt largely non-selective and seemed designed around educating as many people as possible. That may be a defensible public policy goal, but it also means the credential itself becomes a pretty weak signal and a lot of people were never there for educational enrichment or to pursue Liberal Arts as a meaningful field, but because their parents made them - and they thought they must have a degree to be successful because people without degrees are surely crude barbarians.

Earnings are a crude metric, but “trust us, they became better thinkers” is not accountability. And funneling underemployed graduates into master’s programs and aimless paths are not a solution.

Arts educations should be gated, not necessarily based on funds, either with difficult trials to prove competency or real life experience. For example, theatre programs should admit people with existing experience in background acting and community theatre. North America can adopt 3 year degrees similar to Europe, make the breadth year optional, and actually weed out the incompetent by the first year if we insist on having zero admission standards amidst rising grade inflation. (NC programs produce credible credential signals despite being open admission).

[1] https://www.statcan.gc.ca/o1/en/plus/1896-who-pays-universit...

[2] The sad irony is that pretty much everyone I know (n=5) who took 2+ years between graduating high school and starting post-secondary got jobs or snazzy PhD offers shortly after graduating post-secondary, on top of having to pay nothing for tuition because parental contributions aren't expected for "independent" students for Canadian student aid. I think making more students discover themselves in the real world before letting them do post-secondary could genuinely yield better results in way-finding and independence that's critical for post-grad outc...

What if it takes decades or centuries to pay off for society and perhaps never for the individual (in strictly monetary terms)? How should these things be funded?

Could also look the other way around: if things pay off anyway, why should should tax payers fund it?

> if things pay off anyway, why should should tax payers fund it?

i believe the idea is that when someone is educated, it's not themselves alone that benefits from it, but rather everyone else around them. thus the interest in funding the education of other people.

> What if it takes decades or centuries to pay off for society and perhaps never for the individual (in strictly monetary terms)? How should these things be funded?

i'd look into how other things having such characteristics are funded. for example, research. a lot of research is indeed funded by companies because even though, say, "the cure for cancer" may be 40 years into the future, they do make money off of the incremental improvements along the way. what about more fundamental research? like, particle physics. or, whoever funded the research that led to the discovery of the structure of DNA, what were they thinking? i haven't read a lot about it actually, but i get the idea that they were simply some forward/long-term thinking people.

... overall, i think these are good questions. the kind of questions people with a (ideal) humanities education should be more capable of answering (mine is lacking...)

Yet another case of mistaking price for value.

When evaluating whether public money is well spent on education it must be more important how valuable it is to the public, not what the price for the work is to the individuals.

I like the "what if these workers stopped today" test:

Pick a profession. For example pick from 'trader', 'dentist', 'cleaner', 'sales person' or 'nurse'. Then imagine that all people in that profession stop working today.

How bad would it be for society? Is it better or worse than some other profession? Compare this to how well-payed the profession is.

I think this is a much better test for value to society than looking at what people get payed.

For example, I think it would be much worse if all nurses stop working than if all bankers stop working. Yet bankers tend to get paid more.

make it 7 years instead of 3 and count median student debt as a factor. that would remove the obvious flaws.

of course it would be better to make college free, or give everyone zero interest federal loans that can be paid off with normal taxes and auto deferred until you start making serious money.

humanities should probably by funded with a different program anyway. ask a panel of experts how many graduates we need then offer X scholarships a year that upgrade to a full ride if your family is low income. allocate them with something like a national lottery where school districts nominate some amount of students based on their population.