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Originally Posted by badcompany
Why is it that there so many world class Universities in the U.S; yet, the k-12 educational system is an embarrassment?
Could the reason be that Higher Ed is more privatized?
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it is privatized but bulk of the money for it comes from Educational Loans (a govt guarantee for a "business" that is considered TOO BIG TO FAIL- so it is scam for the private enterprise to get money at 0% interest rate through students, zero risk.. it is not like ONE fu*king school offers money back guarantee if students dont find jobs.
Just the adminstrators, the text book industry and all the excessive staff make a ton of money. Higher Education is just a well orchestrated scam.
Further, they also get huge amounts of government grant money and spend most of it on OVERHEADS... do you know that 45-48% of grant money GOES in OVERHEAD costs in most research universities.
Take away the guarantee of loans and colleges would automatically be efficient and focus more on real education and not on a lot of stupid athletic and other program bs they got.
