Thursday, May 31, 2007

College? Who Can Afford It?



The price of an education is crippling America's middle class. It is absolutely unbelievable how much it costs to attend a major university. I paid less money for my first house than one year's tuition at Dayton or Iowa or wherever. When and where does it stop? Where is all of this money going? It will soon put the price of a quality education in the hands of a chosen few. That's not good for a country that is struggling to keep up with India, Japan and China in this global marketplace. I guess the question is, HOW do we get it to stop? My oldest daughter told me over the weekend that she has $50,000 to pay off in college loans. At an unattractive interest rate, it will take her well into the next generation to retire that loan. How will she ever buy a house? How fair is that? How does that make us competitive in the world marketplace? What has this generation done to the generation behind it? Who's watching the door? What has happened to the American dream? It's been destroyed by greed, pure and simple. When the University of Missouri hired Elston Floyd as it's president, the salary they gave him was astronomical. How long did he stay? Long enough to get a better job with more perks at another university dumb enough to hire him. It is a never ending circle that will ultimately kill the American dream and the American ideal.

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