Its simple - everybody goes to college now. Back in the 90s, when parents realized how advantageous a Bachelor’s degree was for employment, there was a huge push to get Generation Y in college. This was facilitated by both the government and the colleges themselves, for the ostensible reason of improving society by educating everybody. Theoretically, earning one’s way into college, and graduating, would increase the intelligence and work ethic of an entire generation.
It didn’t work that way. Not everyone was smart enough to get accepted to or get through undergraduate education. So, the colleges - which realized the huge profits they could make - dumbed down curriculums. The result was that everybody does get into college - but its meaningless since only the upper tiers mean anything anymore… and even that’s doubtful sometimes. Most of undergrad education has become the equivalent of high school.
The difference, of course, is that people are paying massive amounts of money just to be able to get an average job. This is the part I can’t figure out. How did that happen? Why is an entire generation having to pay so much money simply to get a mediocre job in society(which is what the typical Bachelor’s degree will get you). Why do we tolerate this? Its not as if our society has become more skilled… the majority of professional/technical degrees in America are earned by foreigners. There’s got to be some kind of hidden reason why all of a sudden young Americans suddenly had to begin forking over huge amounts of money just to be able to one day earn a living.
Maybe it has something to do with the weakening of American professional competitiveness on the world stage? I dunno.
Anyway, the one thing I am sure about it is that there is some sort of deeper reason why the college system is the way it is. I don’t buy that its simply poorly designed and we can fix it. America has gone down in the world, and our generation has to pay for it through exorbitant loans.
EDIT: If any of this doesn’t make sense or seems disjointed, just ask for clarification. I kind of develop these posts as I go along and sometimes they’re not organized too well, or even logically consistent. I’ve also drank a lot of caffeine.