Bankrupt State University

0
267
bureaucracy

Many of my friends and readers are disheartened by recent cultural and political trends. Many blame our universities and wonder whether we can ever restore sanity in our nation, given that the enemy seems to control the modern university. They see no chance to win in the war of ideas as long as they are forced to support the public university and, therefore, forced to fund a war against their own cherished values.

But I know something they don’t know. The public university that has declined so steadily in recent years will cease to exist in just a few short decades. The moral bankruptcy we have seen over the last twenty years is about to be followed by another sort of bankruptcy. Before long, many of the universities that have betrayed taxpayers and alumni will be forced out of business. It will happen for the following reasons:

1. Federal funding reductions. LBJ got us deeply entrenched in the business of federal funding for institutions of higher education. When he did, tuition began to skyrocket. More recently, the federal government has gotten us deeply entrenched in the business of individual student loans. This has had the same effect. When a lot of people are able to borrow a lot of money to purchase goods or services, the effect on the price of those goods and services is dramatic. Supply and demand is not a rule; it is a law.

State university administrators seized upon the increased demand for higher education by raising tuition. This was done for three reasons: a) because they could, b) because they wanted to give themselves raises, and c) because they wanted to hire associate and assistant administrators to do their work for them.

Now, the federal deficit is spinning out of control. As a result, the federal government will soon have to cut aid to state universities. This will confront administrators with this important decision: will they a) cut administrative spending, or b) raise tuition? The answer will be “b.”

2. Student loan bubble. People are easily enticed into taking the bait when offered unlimited funds to pursue education. This applies to those who are not qualified to attend college at all. (Think about the housing bubble for just a moment). As tuition continues to rise, many more students who enroll will figure out that they have been duped long before they graduate. The universities have lied to them during recruitment. Departments in the social sciences and other disciplines have betrayed them by exaggerating the pay scale and availability of jobs they could likely expect upon graduation. These realizations will result in a massive upswing in the dropout rate over the next few years. These dropouts are many times more likely to default on their college loans than students who graduate.

When the whole college loan industry collapses, people will actually have to pay for school as they go. That will result in many empty seats in many college classrooms. Universities will have to make up the difference by turning to alumni donors.

3. Declining donations. Consider the following scenario: just two weeks ago, a fraternity of 80 men was ejected from a public university campus. They were investigated for hazing but then exonerated. They were also investigated for an alcohol violation that was so minor that police declined to arrest anyone. They were found to be guilty of only one offense, which was dubbed “failure to cooperate with the investigation.” This was another way of saying the university thought but could not prove they were guilty because they refused to confess. At the end of the day, the 80-man fraternity was banned from campus for three years.

This real life incident will have two real life repercussions: a) the administrator who led the investigation will be promoted for expelling a politically incorrect fraternity (one of their flags has a Confederate symbol embedded within it). b) 80 future alumni will respond to the administrative overreach by refusing to donate for the rest of their adult lives.

This issue is serious. As the university administration has grown, it has assumed more control over the lives of students. In recent years, students have been prosecuted with increasing frequency for increasingly petty offenses with drastically decreasing respect for their due process rights. This includes petty prosecutions for speech code violations that amount to stripping students of the right to participate in the free exchange of ideas – the very reason many came to college in the first place. Is anyone foolish enough to believe this will have no effect on their willingness to donate?

The army of administrators that grew in the 1990s as a result of generous federal funding and the explosion in student loans bureaucracywill soon have to beg in order to retain their positions. Alumni will wisely apply the norm of reciprocity by exercising their power over these overpaid and underworked administrators who once practiced authoritarianism on them. They will wisely withhold donations and instead focus on paying their entirely-too-high student loan payments.

For all of these reasons, the public universities will eventually go bankrupt. And that is good news for a nation that is going morally bankrupt in the shadow of the ivory tower. They had a good thing going but the party is close to being over. The hangover will soon begin.

 

Previous articleWhiny Atheists Protest Charlie Brown Christmas Special
Next articleObama and the Dems bank on the idioterati, then write checks on their account. And their kids’ accounts.
Mike S. Adams was born in Columbus, Mississippi on October 30, 1964. While a student at Clear Lake High School in Houston, TX, his team won the state 5A soccer championship. Mike Adams graduated from C.L.H.S. in 1983 with a 1.8 GPA. Mike Adams was ranked 734 among a class of 740, largely as a result of flunking English all four years of high school. After obtaining an Associate's degree in psychology from San Jacinto College, Mike Adams moved on to Mississippi State University where he joined the Sigma Chi Fraternity. While living in the fraternity house, his GPA rose to 3.4, allowing him to finish his B.A., and then to pursue a Master's in Psychology. In 1990, Mike Adams turned down a chance to pursue a PhD in psychology from the University of Georgia, opting instead to remain at Mississippi State to study Sociology/Criminology. This decision was made entirely on the basis of his reluctance to quit his night job as member of a musical duo. Playing music in bars and at fraternity parties and weddings financed his education. Mike Adams also played for free beer. . Upon getting his doctorate in 1993, Adams, then an atheist and a Democrat, was hired by UNC-Wilmington to teach in the criminal justice program. A few years later, Adams abandoned his atheism and also became a Republican. He also nearly abandoned teaching when he took a one-year leave of absence to study law at UNC-Chapel Hill in 1998. After returning to teach at UNC-Wilmington, Adams won the Faculty Member of the Year award (issued by the Office of the Dean of Students) for the second time in 2000. . After his involvement in a well publicized free speech controversy in the wake of the 911 terror attacks, Adams became a vocal critic of the diversity movement in academia. After making appearances on shows like Hannity and Colmes, the O'Reilly Factor, and Scarborough Country, Adams was asked to write a column for Townhall.com. . Today Mike Adams enjoys the privilege of expressing himself both as a teacher and a writer. Mike Adams is also an avid hunter and reader of classic literature. Mike Adams published his first book, Welcome to the Ivory Tower of Babel, in 2004. His second book, Feminists Say the Darndest Things: A Politically Incorrect Professor Confronts "Womyn" On Campus, was published in 2008.