As he panders for the youth vote, Democratic presidential hopeful Bernie Sanders promises free tuition at public colleges and universities because, he says, “a college degree is the new high school diploma.” Rival Hillary Clinton supports President Barack Obama’s plan to make community college tuition-free — that is, publicly funded. Beware, America: Imagine how expensive college tuition will be if Democrats somehow manage to make more of it “free.” As for value, if Sanders has his way, you can expect the college degree to be the new high school diploma.
Who’s going to pay for all this? Everyone. Richard Vedder of Ohio University’s Center for College Affordability and Productivity co-wrote a pamphlet for The Heartland Institute on higher education reform in 2011, which explored how federal grants and student loans have driven up the cost of college. His report showed the cost of a four-year degree had more than doubled in inflation-adjusted dollars from 1975. College graduates aren’t more literate; they have a lower level of reading comprehension than those who graduated a decade earlier. Also, many grads are underemployed. According to federal statistics, 13 percent of American parking lot attendants and 14 percent of hotel clerks have a bachelor’s degree or better.