You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

letters | poor students, rich administrators

Colleges to blame for rising student debt

Continue reading below

ROBERT L. CARET pines for the 1970s, when a “shared-responsibility social contract prevailed in the world of public higher education.’’ Since 1970, education subsidies have continued to increase; it’s just that they can’t keep pace with the rising costs of an inefficient, rent-seeking education establishment. Government subsidies and the student loan program lure unprepared, unmotivated students to college, allow overpaid administrators to expand their budgets and turf, and force the public to “share the responsibility’’ through higher taxes and skyrocketing college bills.

It’s the predictable result of the “social contract’’ - the demand for the socialized product grows faster than the supply, costs go up, and then the beneficiaries ask for more money.

Grant W. Schaumburg Jr.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of