The government provides many forms of grants, subsidies, and “loans” to all public and private colleges. All non profit colleges are subsidized with tax free status, tax deductions to donors, and government guaranteed student “loans.” Most of which will never be repaid. Total student loan debt now exceeds total credit card debt, something like $ 1.5 Trillion. It’s the next financial crisis. Most of that debt will never be repaid.
It’s not just students that are saddled with huge student debt, it’s also their parents. There are lot of retired people on social security that still owe over $100,000 on their kids student loans.
Additionally, many schools are also funded by fat government research grants.
For example, that Boston University professor that wrote a research paper explaining why our beloved Christmas song “Jingle Bells” is racist, undoubtedly received a government research grant to do it. What is worse, at Christmas I had to listen to one of the overeducated snowflake kids in the extended family explain why this professor is correct, and that critism of her research is just more racism. I’m not sure what this kid got out his expensive education, but he’s 30 and hasn’t had a real job in the last five years.
The top schools have huge private endowments and admissions policies that are blind to the ability to pay. Most students receive as much college provided financial aid as they need. Highly qualified students from poor families get almost full scholorships. Semi-qualified “Diversity” students often get full scholarships; the schools compete for them with financial aid packages.
Harvard and about 50 other top schools are the best value in education. While expensive, they are well worth it and most students have scholarships. Public colleges are cheap and some are a good values. Others are not.
The majority of private colleges are high cost, modest quality, and a terrible value. These colleges survive mostly on tuition paid by government provided student loans. Some of these colleges are closing at an increasing rate. Many will be wiped out.
Most people do not belong in college. They belong in vocational training that prepares them for a good trade and a decent paying job. A college liberal arts education that has little value in the job market, is something that America and especially its students cannot afford.
Free college for everyone is the last thing we need.