Letters to the Editor

College education is like buying a dead horse

If the main reason for getting a college degree is to ensure a lifelong earnings dividend, then unchecked tuition increases coming alongside an apparent permanent scarcity of well-paying jobs means many graduates will spend a lifetime financially underwater.

However, the consequences may soon be a long-overdue bursting of the college bubble when people finally realize that the college financial investment, in many instances, is now more akin to buying a dead horse over and over again.

The recent press that Washington’s Guaranteed Education Tuition program is no longer getting enough should be an ominous forewarning that college is degenerating into a credit for sale scheme where garnering an education is merely coincidental.

School administrators should be encouraged to rethink the model and start containing college costs while they still have a willing constituency.