What's the deception here? Was the government going around saying how much money you could earn from a humanities degree? Statistics about earning potential degrees of degrees were available for decades. Caveat emptor.
Obama 2015:
"the single most important way to get ahead is not just to get a high school education, you’ve got to get some higher education. That’s why all of you are here."
"But you’re also here, now more than ever, because a college degree is the surest ticket to the middle class. It is the key to getting a good job that pays a good income -- and to provide you the security where even if you don't have the same job for 30 years, you're so adaptable and you have a skill set and the capacity to learn new skills, it ensures you're always employable."
https://obamawhitehouse.archives.gov/the-press-office/2015/0...
Then why do people with college degrees need bailing out?
Just allow the debt to be discharged conditionally. That’s in my mind the cleanest and fairest way to deal with this issue.
No, it is not clean and fair to allow someone who spent 4 years getting a degree that will put them ahead of the non-degree-citizens and then force the non-degree-citizens to subsidize it.
It is nothing more than theft.
Which would eliminate about 93% of his audience
https://hbr.org/2019/10/americans-need-to-get-over-their-fea....
I'm not sure what the exact messaging your school told, but I imagine it's something to the effect of "degree holders earn x% more than non-degree holders on average", which is a true statement. The "on average" part might not been stressed, but anyone with rudimentary knowledge of how the labor market works (ie. some jobs pay more than other jobs) should be able to figure out that earning potential by degree varies.
The educational system utterly fails at equipping every graduate with the knowledge and skills to succeed in the modern economy in the 14 years they have already. Why are we giving them four more years of everyone’s life and hundreds of billions of dollars more money?
It's been a long time, but if I recall correctly, funding and rankings were partially determined by the number of high school graduates continuing on to college. There was constant pressure to take the right classes and participate in the right activities to meet college admissions requirements. The messaging came from administrators, teachers and counselors.
Exactly, that's the scam. Requiring a 'Tax' that you pay the college that is nothing but a useless piece of paper, that makes you lose years and enslave you in debt.
The deception is in the belief itself, and the government has a tremendous power to shatter it, yet they choose not to.
Who got deceived here? If you were told that the government would be guaranteeing loans, then it follows that they're potentially on the hook if the loan goes bad. That's not something that's hidden, it's literally part of the definition of what guaranteeing loans mean.
>Furthermore, the colleges continuously raise prices because they know they will get the money, regardless, if the student defaults.
That sounds more like unintended consequences than deception.