This Will Deflate the College Bubble Some More

- Employers adding as requirement

- Government free money policies

- Virtually guaranteed loans that made money easy and invented lenders to lend exorbitant sums without questioning the efficacy of the degree

- Colleges reacting to demand and greedily inflating tuition costs and adding admin costs - feeding the bureaucracy

- Parents valuing credentials over impact of college degrees and creating a biscuits “tiger” cycle that extends from toddler age to excel

- Graduates of colleges knowing the issues and continuing to feed the ‘old boys club’ behavior.

- Laws and regulations a certifications that are so overwhelming the only way to be certified is an expensive degree (even for low risk jobs)

We are ALL to blame. Blaming one part of this isn’t going to solve the problem. It’s a basic problem of greed fed by lack of risk.

I think the solution here is to introduce risk in the process. Make lenders foot the risk of defaults. Allow borrowers to declare bankruptcy. Allow companies to create apprenticeship programs without incurring legal risks. End the Fed :) . Retool our educational system to cater to the vast majority of non college students to learn useful life skills and technical skills versus mandating crap for all students. Kill or reduce most school sports funding as %of total academic spending. If you are spending anywhere close to 10% on sports, full stop.

If you didn't go to college, your poverty is your fault because you should have.

If you did go to college, your poverty is your classmates' fault because there were too many of them.

It's funny how the system is never to blame.