- Colleges want cheap money to effectively lower the price of their product; fatten their endowments and broaden their brand
- Governments want to give away college to appear egalitarian; to tap dance around the expanding gap between rich and poor
- Financial institutions want to suck from the tits of market manipulation and fees.
- Parents, pushed by their peers, long for success for their child and don't pay attention to the cost:benefit ratio; a healthy dose of nostalgia may be added - but their college experience came before the 'bubble' (like the real estate bubble) when too much money chased too few real degrees and too few jobs.
- Students want to dodge reality for as long as possible - who can blame them?
We all want to deny that hard work, curiosity, discipline, cleverness and the right parents are enough, (and necessary.)
If there was ever a time that a motivated student could manufacture his own education, network with leaders in the field and create a job that didn't exist ten years ago - today is the day.
And if there was ever a time when the lag between what could be taught from textbooks for thousand of dollars was less relevant than what can be delivered from a laptop for free - today is the day.