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HIGHER EDUCATION BUBBLE UPDATE, FAKE NEWS EDITION: The Rolling Stone campus rape hoax turns five: Lessons from the journalism scandal that rocked the nation. “The story immediately went viral and resulted in a swift suspension of all campus Greek life at UVA, touched off a national debate about the alleged campus rape epidemic, and raised the specter of a callous, dismissive university administration that cared little for victims of horrific sexual assault. It was also a hoax.”

Related: Questions raised on role Obama White House played in UVA rape hoax.

HIGHER EDUCATION BUBBLE UPDATE: UChicago, on the defense, says students won’t have to pay full $100k sticker price. Sure, our price is high, but we make up for it with price discrimination!

HIGHER EDUCATION BUBBLE UPDATE: Women’s college now only requires applicants to ‘identify as women.’

I suspect that this has more with Hollins being desperate for warm, tuition-paying bodies than any special degree of wokeness.

HIGHER EDUCATION BUBBLE UPDATE: Pity the poor avocado-eating graduates: University-educated millennials have absorbed elite values but will never enjoy the lifestyle.

Countless articles have rehearsed the class insecurities of the “left behind” Brexiters. Generally these unfortunates are depicted fulminating over pasties and ale in shabby market towns and grim post-industrial cities outside the London area. The object of their antipathy is the shiny “elite”, plugged into a promise-filled, multicultural urban life and the knowledge economy, seemingly buoyant in the new, frictionless modern world.

Leaving aside its substantive, real-world pros and cons, Europhilia has become a mark of devotion to the culture and worldview associated with this “elite” and the modern world it navigates. It is a value set strongly correlated with tertiary education and that has come to be called “openness”. . . .

Meanwhile, the boom in openness-promoting tertiary education produced not so much a boom in graduate jobs as inflation in the qualification levels required to do the jobs we already had. This has left many young people struggling to service a mountain of debt on salaries that are never likely to show much of the “graduate premium” they were promised.

Today, thanks in part to the “open” economy whose values form the foundation of the “cultural Remain” identity, the cost of living — and especially home ownership — has rocketed. Simple aspirations that were within the reach of the working class in the 20th century are an unattainable dream today for millions of young people far higher up the sociocultural pile. And yet those young graduates have all, in the course of moving away to get their degree, absorbed the “open” value set now explicitly taught in tertiary education.

The result is an Everywhere precariat, that has absorbed the values of a world that has little to offer it in terms of concrete benefits, and resolves this conflict by renting the heavily-subsidised and internet-enabled perks of a smarter lifestyle than it can afford to buy. Where once rentals might have just been housing and cars, today that can even include clothing.

Related: Kenneth Anderson: The Fragmenting of the New Class Elites, or, Downward Mobility.

n social theory, OWS is best understood not as a populist movement against the bankers, but instead as the breakdown of the New Class into its two increasingly disconnected parts. The upper tier, the bankers-government bankers-super credentialed elites. But also the lower tier, those who saw themselves entitled to a white collar job in the Virtue Industries of government and non-profits – the helping professions, the culture industry, the virtueocracies, the industries of therapeutic social control, as Christopher Lasch pointed out in his final book, The Revolt of the Elites.

The two tiers of the New Class have always had different sources of rents, however. For the upper tier, since 1990, it has come through its ability to take the benefits of generations of US social investment in education and sell that expertise across global markets – leveraging expertise and access to capital and technological markets in the 1990s to places in Asia and the former communist world in desperate need of it. As Lasch said, the revolt and flight of the elites, to marketize themselves globally as free agents – to take the social capital derived over many generations by American society, and to go live in the jet stream and extract returns on a global scale for that expertise. But that expertise is now largely commodified – to paraphrase David Swenson on financial engineering, that kind of universal expertise is commodified, cheaply available, and no longer commands much premium. As those returns have come under pressure, the Global New Class has come home, looking to command premiums through privileged access to the public-private divide – access most visible at the moment as virtuous new technology projects that turn out to be mere crony capitalism.

The lower tier is in a different situation and always has been. It is characterized by status-income disequilibrium, to borrow from David Brooks; it cultivates the sensibilities of the upper tier New Class, but does not have the ability to globalize its rent extraction. The helping professions, the professions of therapeutic authoritarianism (the social workers as well as the public safety workers), the virtuecrats, the regulatory class, etc., have a problem – they mostly service and manage individuals, the client-consumers of the welfare state. Their rents are not leveraged very much, certainly not globally, and are limited to what amounts to an hourly wage. The method of ramping up wages, however, is through public employee unions and their own special ability to access the public-private divide. But, as everyone understands, that model no longer works, because it has overreached and overleveraged, to the point that even the system’s most sympathetic politicians understand that it cannot pay up.

The upper tier is still doing pretty well. But the lower tier of the New Class – the machine by which universities trained young people to become minor regulators and then delivered them into white collar positions on the basis of credentials in history, political science, literature, ethnic and women’s studies – with or without the benefit of law school – has broken down. The supply is uninterrupted, but the demand has dried up. The agony of the students getting dumped at the far end of the supply chain is in large part the OWS. As Above the Law points out, here is “John,” who got out of undergrad, spent a year unemployed and living at home, and is now apparently at University of Vermont law school, with its top ranked environmental law program – John wants to work at a “nonprofit.”

Read the whole thing(s).

HIGHER EDUCATION BUBBLE UPDATE: Harvard hosts ‘Anal Sex 101,’ ‘Oral Sex 101’ and ‘fatphobia’ workshops.

HIGHER EDUCATION BUBBLE UPDATE: Their colleges closed — but their student loans didn’t disappear. Then, they sued.

If only there had been some sort of warning.

HIGHER EDUCATION BUBBLE UPDATE, CRAZY YEARS EDITION: Iowa State professor reported to administration for allowing students to say only women have abortions.

HIGHER EDUCATION BUBBLE UPDATE: Western Connecticut State puts itself at legal risk by promising to punish ‘It’s OK to be white’ perps. Want to make white nationalism a thing? Because this is how you make white nationalism a thing.

HIGHER EDUCATION BUBBLE UPDATE: Elite Colleges Reconsidered. “The first problem on these campuses—and probably the most important one—is that the students, on the whole, aren’t terribly happy. . . . But when the Boston Globe is reporting that MIT’s suicide rate is nearly double the national average on college campuses—much like what has been taking place at Harvard (for undergraduates)—it’s probably worth considering that something has gone wrong. At Yale, a full 50 percent of undergraduates reported needing to avail themselves of mental health resources during their time as students.”

Mental health problems do seem to be pervasive at elite schools: Williams College students boycott English Department, claim it’s ‘whitewashed,’ ‘racist.’

HIGHER EDUCATION BUBBLE UPDATE, CULTURE OF HATE EDITION: In viral video, student exposes instructor’s ‘anti-white,’ anti-academic’ comments. What the hell is wrong with Utah?

HIGHER EDUCATION BUBBLE UPDATE: VIDEO: Self-identified teacher caught on camera berating conservative students.

HIGHER EDUCATION BUBBLE UPDATE: University Of Maryland To Restructure, Terminate Contracts Of 100 Faculty Who Can ‘Recompete’ For Their Jobs. Having to “recompete” for your existing job is an old thing in the corporate world, but now it’s coming to academia.

HIGHER EDUCATION BUBBLE UPDATE: University cuts humanities program even as it employs over a dozen people ‘with the title of VP or higher.’

HIGHER EDUCATION BUBBLE UPDATE: UMaryland warns ‘cultural appropriation’ costumes have ‘no place’ on campus. I love the unselfconscious use of the phrase “have no place in an inclusive community.”

HIGHER EDUCATION BUBBLE UPDATE, TITLE IX EDITION: ‘They treat my autistic son like a caged animal’: student takes university to court over Title IX ruling.

Marcus Knight—a student with autism and cerebral palsy—will face in court the Title IX officer who found him guilty of two Title IX sexual misconduct violations later this month.

Knight first came to my attention in 2018 after his attempts to make friends landed him in the school’s Title IX office, not just once but twice. According to the lawsuit, Marcus Knight asked one female student for a fist-bump, and another for a selfie.

While these may seem trivial, two female students at Saddleback College were so uncomfortable with Knight’s attempts to make friends that they reported him to the Title IX office, with one student claiming Knight made her “uncomfortable.”

But what’s caused two years of “absolute heartbreak,” according to Knight’s mother, is how the Title IX officer handled the accusations.

Considering Knight’s disability, both students decided not to follow-through with any charges. . . .

At the time, 2018, Juan Avalos was the school’s Title IX counsellor. Though Avalos does not seem to have formal as a Title IX law training, Avalos nonetheless investigated and adjudicated Knight’s case.

Despite that no students formally testified against Knight, he was still found guilty.

I like that names are being named.



HIGHER EDUCATION BUBBLE UPDATE: NYU refuses to share its files in kangaroo-court lawsuit, tells student to seek gossip instead.

HIGHER EDUCATION BUBBLE UPDATE: VIDEO: Students hate cultural appropriation…until asked about Elizabeth Warren.

HIGHER EDUCATION BUBBLE UPDATE: University of Michigan has spent $2.25 million on lawyers in two kangaroo-court lawsuits.

HIGHER EDUCATION BUBBLE UPDATE: VIDEO: Leftist UBuffalo student removes conservative group’s posters.

HIGHER EDUCATION BUBBLE UPDATE: Professor says grading, good grammar are examples of white supremacy.

HIGHER EDUCATION BUBBLE UPDATE: Harvard groups encourage student paper to ignore journalism ethics in stories involving ICE.

HIGHER EDUCATION BUBBLE UPDATE: The Intimidation Game: Bullying and Retaliation at the University of Tulsa.

HIGHER EDUCATION BUBBLE UPDATE: Fliers single out Asian-American conservative activist at University of Michigan as ‘white supremacist’.

HIGHER EDUCATION BUBBLE UPDATE: UConn students ARRESTED for ‘ridiculing’ speech in viral video. That’s ridiculous.

HIGHER EDUCATION BUBBLE UPDATE: Veteran accuses instructor of marking grade down due to anti-military bias: report.

HIGHER EDUCATION BUBBLE UPDATE: Advice to Faculty Candidates: How To Write An Effective “Diversity Statement.”

HIGHER EDUCATION BUBBLE UPDATE, CULTURE OF HATE EDITION: EXCLUSIVE VIDEO: Leftist student arrested for battery after confrontation with conservative activist.

HIGHER EDUCATION BUBBLE UPDATE: Why does UNC have such a high sexual assault rate? Because it defines nearly everything as sexual assault.

HIGHER EDUCATION BUBBLE UPDATE: Schools celebrate ‘International Pronoun Day’ with ‘ze’ buttons, advice on pronoun ‘privilege.’

Remember, when taxpayers don’t want to fund this stuff, it’s because of “anti-intellectualism.”

HIGHER EDUCATION BUBBLE UPDATE: Public university tells professors not to grade based on merit. That’s at the University of Texas, but this is troubling: “BSU’s event has the exact same name as a previous University of Tennessee-Knoxville faculty workshop.”

HIGHER EDUCATION BUBBLE UPDATE: The Gig Academy. “Over the past two decades, higher education employment has undergone a radical transformation with faculty becoming contingent, staff being outsourced, and postdocs and graduate students becoming a larger share of the workforce. For example, the faculty has shifted from one composed mostly of tenure-track, full-time employees to one made up of contingent, part-time teachers. Non-tenure-track instructors now make up 70 percent of college faculty. Their pay for teaching eight courses averages $22,400 a year—less than the annual salary of most fast-food workers.”

As I’ve said before, if Trump were smart he’d make an issue of this. It would divide a major source of his opposition.

HIGHER EDUCATION BUBBLE UPDATE: The taxpayer noose is tightening on kooky universities.

HIGHER EDUCATION BUBBLE UPDATE: University refuses to say if it would intervene if students ‘blockaded’ dorm against federal agents.

So weird that taxpayer support for higher ed is falling.

HIGHER EDUCATION BUBBLE UPDATE, LEGAL EDUCATION EDITION: Students stage sit-in at Thomas Jefferson U. after emails about unpaid tuition.

Related: What Would Thomas Jefferson Losing Its ABA Accreditation Mean For Its Students?

HIGHER EDUCATION BUBBLE UPDATE: UF claims students showed ‘civility and tolerance’ at Trump Jr. event…but video tells a different story.

HIGHER EDUCATION BUBBLE UPDATE: My University Is Dying; Soon, Yours Will Be Too.

If only there had been some sort of warning.

HIGHER EDUCATION BUBBLE UPDATE: SpongeBob’ is a ‘violent,’ ‘racist’ colonizer, says University of Washington professor.

HIGHER EDUCATION BUBBLE UPDATE: University program teaches faculty and staff how they ‘support racism and white supremacy.’

HIGHER EDUCATION BUBBLE UPDATE: Blue-collar jobs like plumbing pay $90,000 without a college degree, and it’s driving more workers to trade school. Under Trump, employment for the non-college-educated is the best it’s been in 50 years. No wonder our betters hate him.

HIGHER EDUCATION BUBBLE UPDATE: Column calling sorority girls ‘cattle’ sparks bias reports at LSU.

HIGHER EDUCATION BUBBLE UPDATE: U. Rochester invites students to ‘eco-feminist’ ‘art activism’ projects.

HIGHER EDUCATION BUBBLE UPDATE: ‘Make America Great Again’ listed on Calif. college’s ‘white supremacy’ pyramid.

HIGHER EDUCATION BUBBLE UPDATE, LEGAL EDUCATION EDITION: Anyone Want to Become a Law Professor? Anyone? “The largest annual entry-level law school hiring event kicks off Friday in Washington, but the scene at the host hotel will likely be more subdued than the frenzied atmosphere from a decade earlier. The number of candidates vying to become doctrinal legal academics is about half what it was 10 years ago.”

HIGHER EDUCATION BUBBLE UPDATE: College Students Just Want Normal Libraries: Schools have been on a mission to reinvent campus libraries—even though students just want the basics. “Innovations” in education are seldom for the benefit of the students.

HIGHER EDUCATION BUBBLE UPDATE: More Lower-Cost Degrees, From Purdue, Kaplan and edX. “Purdue University will launch three under-$25,000 online master’s degrees in engineering on the edX platform.”

HIGHER EDUCATION BUBBLE UPDATE: Student Debt Is Transforming The American Family.

If only there had been some sort of warning.

HIGHER EDUCATION BUBBLE UPDATE: The University of Washington Should Not Censor Faculty Social Media.

HIGHER EDUCATION BUBBLE UPDATE: Leader of Yale Law ‘animal rights’ program: ‘Past beliefs about human exceptionalism’ no longer legally relevant.

HIGHER EDUCATION BUBBLE UPDATE: When Colleges Defraud Donors. “Violating the wishes of a donor is akin to fraud, in my opinion, and I have seen it too often in academia. I think there should be serious consequences to violators of donors’ intent –why give to support your favorite cause if your wishes can easily be ignored? . . . Candidly, I would not buy a used car from some university administrators –their adherence to integrity and honesty is imperfect, putting it conservatively.”


HIGHER EDUCATION BUBBLE UPDATE: U. Virginia ‘disorientation’ event teaches new students about college’s ‘brutal, unjust legacy.’

HIGHER EDUCATION BUBBLE UPDATE: School BLOCKS Miss. College Republicans chapter from starting public Facebook account.

“Update: The college ‘temporarily suspended’ its policy after publication of this article.”

HIGHER EDUCATION BUBBLE UPDATE: Five public colleges have Pell Grant graduation rates under 1 percent. They’re in the same state.

HIGHER EDUCATION BUBBLE UPDATE: Microaggressions and “micro assaults.” Meh. A micro-problem.

HIGHER EDUCATION BUBBLE UPDATE: Possible hoax: Racial slur targets Native American student at U. Wisconsin-Eau Claire.

HIGHER EDUCATION BUBBLE UPDATE: Electric bike repair and the future of academia.


“What year were you?” a Morgan Stanley colleague asked me years ago. “Huh? Year?” I replied. “What year at HBS?” H-B-what? “What year did you graduate from Harvard Business School?” Oh, I get it now. “I didn’t go to HBS,” I told him. “Actually, I don’t have an M.B.A.” After a long pause and scrunched-up face, he asked, “Well, then how the hell did you get a job here?” As I walked away, I murmured under my breath, “Maybe I earned it.”

So should you get a master’s in business administration? These days a lot of people are rethinking that question. Applications are down, even at HBS and GSB (that’s Stanford’s Graduate School of Business—get with the lingo). The number of GMAT test scores sent to two-year, full-time M.B.A. programs has plummeted since 2015. Last year 70% of two-year M.B.A. programs saw declining enrollment; in 2014 it was only one-third. Rats deserting a sinking ship? . . .

But—you knew this was coming—man oh man is it expensive. HBS tuition is now $73,440 a year. Total costs are estimated at $110,740 if you’re single and more than 150 grand if you’re married with two children. That excludes the cost of your MacBook, let alone forgone wages. You’d better get that Wall Street job.

I’ve dug into the curricula at dozens of M.B.A. programs, from Booth to Kellogg to Fuqua. They’re all more or less the same: The first year has introductory courses in finance, accounting, managerial skills—my eyes are getting droopy, too—along with modeling and organizational behavior, each no doubt chock full of case studies that are probably no longer relevant. And virtually every program now has a mandatory ethics class, which awkwardly suggests that students had no ethics coming in.

The second year is a supposedly deep dive into finance or marketing or strategic management. Finance majors learn how the stock market works and about private equity. Sadly, I’ve suffered many dinner party conversations with Wharton M.B.A.s telling me how famed professor Jeremy Siegel taught them secret investing tips: low multiple, dividends, blah blah. They were almost always wrong.

Any halfway-on-the-ball undergrad could construct a virtual M.B.A. himself by taking a finance course and some in marketing and psychology, plus any course that teaches how to use spreadsheets. Then get buzzword-compliant and, voilà, an M.B.A. in a box.

But the networking!

HIGHER EDUCATION BUBBLE UPDATE: Penn Law student government holds a “town hall” featuring Dean Ted Ruger to discuss “the Amy Wax situation.” (The “Amy Wax situation” is that law professor Amy Wax has expressed unpopular-at-Penn beliefs on race and immigration.) Yet somehow, local expert on Amy Wax-ian beliefs Amy Wax was not invited or even told about the event. Classy.

HIGHER EDUCATION BUBBLE UPDATE: Student says professor nearly flunked her after she made pro-life brochure for pregnant men. “Brianna Mangat made a brochure for people who are ‘transgender and pregnant,’ or trans men, for her Queer Studies class at the University of California-Davis.”

HIGHER EDUCATION BUBBLE UPDATE: Duke student senate denies Christian org recognition over traditional beliefs.


HIGHER EDUCATION BUBBLE UPDATE: “Students aren’t showing up. And it’s only going to get worse. …” Plus: “Consider this comment from May 2019 by Tim Cook, Apple’s chief executive: ‘I don’t think a four-year degree is necessary to be proficient in coding. I think that is an old, traditional view.'”

If only there had been some sort of warning.

HIGHER EDUCATION BUBBLE UPDATE: The Garden of College Excellence Is Growing Weeds.

HIGHER EDUCATION BUBBLE UPDATE: Berkeley hosts ‘The Right to Be Lazy: Shifts in Marxist Thought’ class for credit.

HIGHER EDUCATION BUBBLE UPDATE: Missouri univ. tried to restrict students’ 9/11 display, emails suggest.

HIGHER EDUCATION BUBBLE UPDATE: The Rise Of The Comfort College. “I started to reply. But a group of younger faculty in the front row demanded that I be quiet and let the students speak. And the students did. They had almost nothing to say about free speech; instead, they testified to the indignities they suffered at Williams. The dean of the college, who was in attendance, praised the students for their passion. And so began Williams College’s annus horribilis, a year marked by protests, marches, threats and demands — everything but rational argument.”

Cost of attending Williams College: $73,200 per year.

HIGHER EDUCATION BUBBLE UPDATE: At University of Denver, students can get ID without ‘Pioneers’ nickname if it offends them.

HIGHER EDUCATION BUBBLE UPDATE: U. Kentucky closes academic building to mandatory classes over a…mural.

HIGHER EDUCATION BUBBLE UPDATE: University of Wisconsin-River Falls official tells conservative student with ‘free speech ball’ to move or face the cops. “Salmon was confronted by UW-River Falls Conference and Contract Services Manager Kristin Barstad outside River Falls’ main building, University Center. The official informed the student that she lacked the proper permissions needed to exercise her free speech on public university property and needed to take the ball elsewhere.”

Petty tyrants. Who don’t know anything: “Barstad said that if the student declined to leave the areas, then campus police would be summoned ‘based on the university policy that you’re violating,’ although Barstad said ‘I’m not going to know that [policy] off the top of my head’ . . . Neither Barstad nor Rubis responded to Campus Reform when asked which policy Salmon was allegedly violating.”

It’s the policy that conservative students should shut up and keep their heads down if they know what’s good for them.

HIGHER EDUCATION BUBBLE UPDATE: A very dangerous place, is college. “Let that sink in for a second: Some of your kids, in fact many of your kids are not ready for college—and if you think college administrators can or will protect them, you are dead wrong. They’ll act like they have it under control and tout their counseling services, student health, etc., but they don’t. When things go bad, they’ll point the finger at fraternities, or a toxic sports culture, or bullying, or whatever in order to shift the blame rather than admitting that they accept too many students that are simply too immature to be there. If you don’t believe me, think about what college campuses would look like if you could only attend once you turned 20 or 21. Give me one year of age over a hundred extra points on the SAT any day.”

HIGHER EDUCATION BUBBLE UPDATE: Secret Presidential Searches And Faculty Fury.

HIGHER EDUCATION BUBBLE UPDATE: Ethics prof: ‘It’s okay to be happy about sh*tty people like Koch dying.’

HIGHER EDUCATION BUBBLE UPDATE: Elizabeth Warren’s pushing for free college. Meanwhile her Harvard professor husband earns $400,000 a year.

HIGHER EDUCATION BUBBLE UPDATE: Transgender professor defends celebrating deaths of those deemed ‘transphobic.’

HIGHER EDUCATION BUBBLE UPDATE: The University Is a Ticking Time Bomb: Treating nearly 75 percent of the professoriate as disposable is not sustainable.

HIGHER EDUCATION BUBBLE UPDATE: University calls out comedian who told students to ‘f*cking grow up.’ There was a time when universities actually encouraged their students to do that, but it was in a distant galaxy, long ago.

HIGHER EDUCATION BUBBLE UPDATE, LEGAL EDUCATION EDITION: 44 Law Schools Now Accept The GRE For Admissions (The Latest Are Cal-Western, Penn State, And SMU).

HIGHER EDUCATION BUBBLE UPDATE, LEGAL EDUCATION EDITION: In Wake Of 67% Decline In Enrollment, Western Michigan-Cooley Law School Cuts Tuition 21%, Closes Auburn Hills Campus.

HIGHER EDUCATION BUBBLE UPDATE: UNC-Charlotte brings back ‘White Consciousness Conversations’ after 2018 backlash.

HIGHER EDUCATION BUBBLE UPDATE: After backlash, College Board dumps ‘diversity score’ from SAT.

HIGHER EDUCATION BUBBLE UPDATE: ‘Fat’ is the new ‘f-word’ at this Ivy League University.

HIGHER EDUCATION BUBBLE UPDATE: Professor uses fake news to call for boycott of Olive Garden. I blame Russian collusion.

HIGHER EDUCATION BUBBLE UPDATE: UT-Austin instructor: Trump ‘is a Nazi’ and ‘you are too if you still support him.’

HIGHER EDUCATION BUBBLE UPDATE: VIDEO: US students bash America while Hong Kong protesters fly its flag.

That’s crazy. How could something like that happen? Related: Iowa prof admits: ‘I am Antifa.’


HIGHER EDUCATION BUBBLE UPDATE: Intimidation-Produced Silence at Stanford.

Cost of attending the toxic environment of Stanford University: $68,152 per year.

HIGHER EDUCATION BUBBLE UPDATE: Study finds ‘ideological similarity, hostility, and discrimination’ rampant in academic philosophy. Remember, when taxpayers tire of funding this, we’ll be told it’s because of “anti-intellectualism.”

HIGHER EDUCATION BUBBLE UPDATE: More Private Colleges Cut Tuition As Discount Rate Hits All-Time High Of 52%.

If only there had been some sort of warning.


Defaults have fallen for most forms of consumer debt as the economic expansion continues. Mortgage delinquencies last quarter hit a historic low. But severely delinquent student loans have soared since 2012 and are now 35% of “severe derogatories”—more than credit cards (23%), auto loans (21%) and mortgages (11%).

About 10% of the $1.5 trillion federal student-loan portfolio is 30 days or more past due. Another 20% is in deferment or forbearance, and about 30% is in income-based repayment plans that allow most borrowers to cap monthly payments at 10% of discretionary income and discharge the remaining balance after 20 years or 10 for folks in “public service.” . . .

Income-based repayment plans have also encouraged schools to raise prices and enroll students who probably won’t earn enough to pay off their loans. Someone with a master’s degree in dance from New York University shoulders on average $96,000 in debt, according to government data. Imagine if the government created income-based repayment plans for mortgages. . . .

But many loans will be written off long before then due to the Obama repayment plans. “We are running a big experiment here: No generation before has carried student debt burdens anything like what today’s students are carrying,” former Obama higher-education adviser James Kvaal told Bloomberg. “There will be substantial amounts of student debt that will never be repaid.” Now he tells us, though he should have done so in 2010.

The student loan program isn’t a subsidy for students. It’s a subsidy for a vital Democrat-supporting industry. Understand that and a lot of other things make sense.

If only there had been some sort of warning.

HIGHER EDUCATION BUBBLE UPDATE: Ivy League school urges ‘resistance’ to ‘mean and small-minded’ Trump’s ‘moronic’ policies.

HIGHER EDUCATION BUBBLE UPDATE: Michigan State orders student employees not to say ‘but’ – it’s triggering.

HIGHER EDUCATION BUBBLE UPDATE: Student gov president faces calls for removal after asking people to respect others’ opinions.

HIGHER EDUCATION BUBBLE UPDATE: ‘Social justice’ majors, courses, events are new norm on college campuses.

HIGHER EDUCATION BUBBLE UPDATE: Baylor lets female professors fool around with students, punishes males for doing the same: lawsuit.

HIGHER EDUCATION BUBBLE UPDATE: North Carolina State vice chancellor’s tweets call Republicans neo-Nazis, rednecks.

This sort of thing is nonstop, and people wonder why taxpayer support for higher ed is falling.