Four children? That's a cool $2M! Where are the folks going to come up with that kind of $$$s?
Is a college degree really worth half a million $$$s?
Think about it: Even today, a college degree offers only marginal value because most folks have one, devaluing those degrees and lowering the overall ROI.
Considering these economic facts, Casey argues that U.S. higher education today is a "dead man walking." His observation:
Unless you're going to learn a trade, like doctoring or lawyering, or you're going for science, engineering, or math, where you need the formal discipline and where you need lab courses, it's a total misallocation, even a waste of money to go to college today. (emphasis added)
But, not due the projected low ROI.
Instead, Casey observes, once parents realize those institutions are "totally overrun and infested with cultural Marxists and progressives, militant leftists that are propagandizing kids with absolutely the wrong kind of values," he doesn't believe parents are going to willingly shell out half a million $$$s/child to subject their children to four years of indoctrination.
"So I'm glad that they're all going bankrupt," Casey declares.
The Motley Monk would observe that's a bit of an overstatement. All universities and colleges? Certainly not the Ivy Leagues and other heavily-endowed private institutions that will continue to offer generous grants and scholarships that will lower the price of tuition to their target audience of select students. However, The Motley Monk does oncur with Casey's overall assessment and shares his astonishment that so many parents are willing to pay even today's prices.
Let the discussion begin...
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