March 9, 2013
Charles Blow of the New York Times has written a very helpful analysis of recent statistics and realities pertaining to the College Debt Crisis. His column appeared in the March 9th print edition (“A Dangerous ‘New Normal’ in College Debt.”) See the online article with excellent links to a number of studies, reports. He begins with the observation, “We are reaching a crisis point in this country’s higher education system.” A statement that is undeniable.
He concludes as follows: “Our national educational aspirations and the debt crisis that they’re creating are colliding. We are on an unsustainable track. This will not end well.” Again, undeniable.
I don’t know if this is sequester-driven brinksmanship or part of a larger budgetary trend, but the Army Times writes that “[t]he Army’s popular Tuition Assistance program is being suspended because of the budget squeeze, although the many thousands of soldiers currently enrolled in courses will be allowed to complete those courses.” The shutdown began at 5 p.m. EST on March 8th. If it is the former, it is despicable. However, I fear that even if sequester-driven politics is in play, the long-term outlook for military budgets keeping up with ever-escalating college tuition is not great.