- The Washington Times - Friday, November 4, 2011


If you go to the bank to get a loan to buy a car and the car turns out to be a lemon, who are you upset with? Not the bank - the car company or the guy who sold the car to you is the problem.

It’s the same with college loans: You borrow a lot of money to get an education that will enable you to be gainfully employed. The cost of public college has doubled in the past 10 years, which puts it on par with health insurance for rising costs. For that money, far too many students are left with a lot of debt and no marketable skills. Of course, some of that certainly is the fault of specific students, who perhaps chose poorly in the degree they sought or didn’t put in the effort to achieve good grades.

But the universities also are to blame for offering meaningless classes, faculty that is not teaching enough, too few courses in particular majors and professors tenured regardless of performance. The entity that isn’t to blame is the one that lent the student the money: the bank.


Glen Allen, Va.



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