...Yet the issue isn’t just how to pay for a college education. We should also be asking a more fundamental question: What am I paying for? A more feasible first step to helping students of the future is to contain costs. But where should we start?
Here’s a radical idea: What if we contained the mission of our universities to education? The story behind the story of student debt inflation is the inflation of the university into an expanding behemoth of goods and services that have little to do with education and more to do with expectations of coddled comfort. Rather than being an institution centered on education, the university now aspires to be a total institution that meets every felt need. The campus is now a sprawling complex of fitness centers and cineplexes, food courts and gargantuan coliseums. Students aren’t taking out loans to pay for an education; they’re effectively borrowing money to pay exorbitant, short-lived taxes for the privilege of living in a scripted, cocooned city.
This also explains the creeping administration that has swelled and overwhelmed faculty who teach. Indeed, as documented by the New England Center for Investigative Reporting, the number of non-academic administrative professionals and employees at U.S. colleges and universities has more than doubled in the past 25 years. This is in no small part because students — and their parents — expect the university to provide an “experience” managed by professionals. Thus college admissions and orientation morph into a panoply of fun overseen by professionals whose job descriptions are not so different from the Love Boat’s cruise director, Julie McCoy. “How can we help you enjoy yourself?” they ask. And the quality of those experiences and the “lifelong memories” they generate directly impact alumni giving...