In an op-ed in the New York Times over the weekend, University of Colorado law professor Paul F. Campos offered a provocative answer to the frequently asked question: why is college so expensive these days?
Late Tuesday, news broke that yet another unarmed American, a black man named Walter Scott, was killed by a white police officer. As with Tamir Rice, Eric Garner, and Rodney King nearly 25 years ago, the brutality was captured on video for the world to see. The New York Times put the damning evidence at the very top of its homepage and it quickly spread throughout social media networks provoking outrage, disgust, horror, grief. These reactions have come most vocally from black Americans.
Middle class income stagnation, and the inequality that it causes, is the principal economic challenge for the nation — and finance is to blame for it.
"You are in a Catch-22," said Emmanuel Caicedo, a senior campaign strategist with Demos, one member of a coalition of 79 labor and civil rights organizations that formed the NYC Coalition to Stop Credit Checks in Employment.
"You can't pay your bills and so your credit is bad. And then you can't get a job to pay your bills because of your credit."
Several top congressional Democrats will embrace on Tuesday a loose plan to make public colleges a debt-free proposition—and will receive an immediate boost from progressive activists who are hoping to shape the 2016 Democratic agenda.
A group of congressional Democrats introduced a resolution on Tuesday seeking to ensure that students who attend public colleges and universities can graduate without debt.
So far, advocates have yet to coalesce around a detailed policy for debt-free college. The congressional resolutions are general statements of principle rather than detailed legislation.
The lack of retirement security for middle-class and low-wage workers is a growing crisis that Washington has refused to address, even though it demands immediate attention.
Public university students today pay $3,000 more in annual tuition than their counterparts a decade ago.
Why that is depends on whom you ask. Some pundits like to blame administrative bloat or the construction boom. Within higher education, many cite the decline in state support.
Public colleges and universities are supposed to be affordable options for students seeking a degree, but years of state budget cuts have led to increased tuition that families are struggling to afford. If states continue down this path of disinvestment, some will soon contribute nothing to higher education and leave schools and parents to fend for themselves, according to a series of new reports.
“[P]ublic higher education in this country no longer exists,” writes Hiltonsmith. “Because more than half of core educational expenses at ‘public’ 4-year universities are now funded through tuition, a private source of capital, they have effectively become subsidized private institutions.”
While higher education spending used to fluctuate with the economy and tanked during the recession, it has not rebounded as the economy regains strength.
The skyrocketing price of college tuition at previously affordable state colleges and universities is a longstanding source of concern, especially for people graduating with mountains of student debt. People have many theories as to why this is happening: administrative bloat, too-high salaries for professors, or perhaps too many unnecessary new buildings.
According to The New York Times' Paul F. Campos, tuition rates are more the victim of "the constant expansion of university administration" than state-funded budget cuts.