We now make it relatively easy for students to meet the immediate cash outlay of attending college with readily available loans, but this has the effect of diminishing the consumer's natural tendency to scrutinize the real value of what he is paying for. The result is that students are starting their working lives shouldering large debts that will take them many years to repay, while in many cases what they are getting for it is little more than a piece of paper - a diploma certainly but without the skill and knowledge that such a diploma used to certify.
- John M Ellis, The Breakdown of Higher Education (2021)
[Photo by Ben Iwara for Unsplash+]
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