46.Caplan suggests that kids who don’t loveschool go to work.
K)What might be a lotcheaper is putting more kids to work: not necessarily as burger flippers but aspart of an educational effort. Caplan notes that work also builds valuableskills—probably more valuable for kids who don’t naturallylove sitting in a classroom. Heckman agrees wholeheartedly: “People aredifferent, and those abilities can be shaped. That’s what we’ve learned,and public policy should recognize that.”
47.An increasing number of families spendmore money on houses in a good school district.
C) For my entire adult life, a goodeducation has been the most important thing for middle-class households. Myparents spent more educating my sister and me than they spent on their house, andthey’re not the only ones… and, ofcourse, for an increasing number of families , most of the cost oftheir house is actually the cost oftheir house is actually the cost of living in a good school district.Questioning the value of a college education seems a bit like questioning thevalue of happiness ,or fan.
48.Subsidized loans to college students area huge waste of money, according to oneeconomist.
E) Perhaps a bit. Richard Vedder , an OhioUniversity economics professor , says, “I look at the data,and I see college costs rising faster than inflation up to the mid-1980s by Ipercent a year. Now I see them rising 3 to 4 percent a year over inflation.What has happened ? The federal government has started dropping money out ofairplanes,”Aid has increased ,subsidized (补贴的)loans have becomeavailable, and “the universities have gotten the money,” EconomistBryan Caplan , who is writing a book about education, agrees. “ It is agiant waste of resources that will continue as long as the subsidies continue.”
49.More and more kids find they fare worsewith a college diploma.
B) The answer, I fear, is no. For anincreasing number of kids, the extra time and money spent pursuing a collegediploma will leave them worse off than they were before they set foot oncampus.
50.For those who are not prepared forhigher education, going to college is not worth it .
H) James Heckman, the Nobel Prize–winningeconomist, has examined how the returns on education break down for individualswith different backgrounds and levels of ability. “Even withthese high prices, you’re still finding a high return for individuals who are bright andmotivated,” he says. On the other hand, “if you’re notcollege ready, then the answer is no, it’s not worth it.” Expertstend to agree that for the average student, college is still worth it today,but they also agree that the rapid increase in price is eating up more and moreof the potential return. For borderline students, tuition hikes can push thosereturns into negative territory.
51.Over the years the cost of a collegeeducation has increased almost by 100%.
D) The average price of all goods andservices has risen about 50 percent. Butthe price of a college education has nearly doubled in that time. Is theeducation that today’s students are getting twice as good? Are new workers twice assmart? Have they become somebodymassively more expensive to educate?
52.A law passed recently allows manystudents to pay no more than one tenth of their income for their college loans.
J) We have started tosee some change on the finance side. A law passed in 2007 allows many studentsto cap their loan payment at 10 percent of their income and forgives anybalance after 25 years. But of course, that doesn’t control the costof education; it just shifts it to taxpayers. It also encourages graduates tochoose lower-paying careers, which diminishes the financial return to educationstill further. “You’re subsidizing people to become priests and poets and so forth,” saysHeckman. “You may think that’s a good thing, or you may not.” Either way it willbe expensive for the government.
53.Middle-class Americans have highlyvalued a good education.
C) For my entire adult life, a goodeducation has been the most important thing for middle-class households. Myparents spent more educating my sister and me than they spent on their house,and they’re not the only ones… and, ofcourse, for an increasing number of families , most of the cost oftheir house is actually the cost oftheir house is actually the cost of living in a good school district.Questioning the value of a college education seems a bit like questioning thevalue of happiness ,or fan.
54.More kids should be encouraged toparticipate in programs where they can learn not only job skills but alsosocial skills .
L) Heckman would liketo see more apprenticeship-style programs, where kids can learn in theworkplace—learn not just specific job skills, but the kind of “soft skills,” likegetting to work on time and getting along with a team, that are crucial forcareer success. “It’s about having mentors and having workplace-based education,” he says. “Time andagain I’ve seen examples of this kind of program working.”
55.Over fifty percent of recent collegegraduates remain unemployed or unable to find a suitable job.
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