The problem with the universities came when they greedily reached forth their hands and took...

Submitted by Rick House (United States), Oct 30, 2006 at 15:44

The MONEY! Follow the money folks. Expanded government student loan packages led to lower admission standards. Lower standards led to dumber students. Dumber students led to poor academic performance.

No university could turn its back on all that money... It was (and still is) a lot of money!

Today, student loan debt represents 15 to 20 percent of ALL consumer debt, and it's growing as universities raise their tuition costs...

Warning: Don't focus your inquiries at the Harvard, Yale, and Princeton. Keep your eyes on the system as a whole... The university-industrial complex has replaced the military-industrial complex.

Follow the MONEY!

Oh, by the way. Public education is broken and it can't be fixed. If you want to educate you child, home school him.

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