Easy student loan money inspired massive lavish college

[Prosper]

expansions to get more student loan money. Consequently education suffers at the expense of expansion.

“FSU has an additional $508,784,335 in construction spending planned through the year 2022.”

https://economic-impact.fsu.edu

FSU has an additional $508,784,335 in construction spending planned through the year 2022.

https://economic-impact.fsu.edu

EDUCATION
The Growing College-Degree Wealth Gap
A new report demonstrates a stubborn chasm between rich and poor students earning bachelor’s degrees.
The nation’s colleges continue to graduate far fewer students who grew up in poor households. With the country’s economic potential possibly hanging in the balance, a new report urges the United States to dedicate more resources and know-how to closing the college-completion gap between wealthier students and those from low-income backgrounds.

https://www.google.com/amp/s/amp.theatlantic.com/amp/article/479688/

College grads can't find work despite strong jobs report - New York Post
Aug 6, 2018 · That's a drop of 489,000 jobs for America's most educated. Those with slightly less education aren't doing so great either. From the same set of BLS data — Table A-4 from Friday's report — the number of people working who had some college or an associate degree fell to 37,533,000, compared with 37,648,000 in February.

https://www.google.com/amp/s/nypost.com/2018/08/06/college-grads-cant-find-work-despite-strong-jobs-report/amp/

Total U.S. student loan debt is $1.6 trillion, and 2018 college grads with loans owe $29,200 on average.

What did we get from 1.6 trillion dollar payment from college debt.

FSU:
FSU trustees approve $1.7 billion operating budget

A large chunk of the $1.7 billion operating budget approved Wednesday by the Florida State University Board of Trustees will go toward boosting academic offerings, hiring top professors and providing student success services.

Seems like they should already be there.

Income gap helped or hurt by college.

[BeyondGeography]

1. Warren has been citing the following statistic lately

After 20 years, 94% of white student loan borrowers have paid off their debt. The corresponding figure for black borrowers is 5%. Higher levels of need upfront and less opportunity/pay gaps on the back-end.

[keithbvadu2]

2. These Colleges Don't Make The Grade: The Universities That Just Aren't Worth The Tuition

These Colleges Don’t Make The Grade: The Universities That Just Aren’t Worth The Tuition

https://www.icepop.com/colleges-universities-arent-worth-tuition/

[DFW]

3. Although things are supposedly better now

My younger daughter graduated law school in the States in 2010 and got her bar exam there (New York). Although she graduated Magna and was Law Review, she could find no work in the USA, and moved back to Germany when the Frankfurt arm of a British law firm offered her a job at €85,000 starting salary. That sounded better than waiting on tables in New York, so bye, bye, USA. She is still here.