We relaxed standards in the 1990s because government was paying for the loans and grants, so colleges figured that more warm bodies equals more profit.
Now they are paying for it as kids defect to tech training and certs instead. If you're going to be a network engineer, what use is a college degree?
We relaxed standards in the 1990s because government was paying for the loans and grants, so colleges figured that more warm bodies equals more profit.
Now they are paying for it as kids defect to tech training and certs instead. If you're going to be a network engineer, what use is a college degree?
iirc, the government didn't guarantee student loan debt until Obama came along and said, "Uncle Sam will pay for it if the students can't."
That opened the floodgates.