We’ve all heard it so many times that we don’t even notice it anymore: Education is a commodity. College is an investment in your own human capital. Students are consumers, savvy individuals who bear the risks and rewards of their own investments. Student loans are the cost of opportunity.
But this familiar “Education is a Commodity” refrain is not a benign turn of phrase. Using the language of the market to describe higher education is driving the disastrous rise in student debt.
Why? Because we can draw a direct line between Continue reading