Communities throughout the nation will join the National Education Association Nov. 13-17, 2017, to celebrate the 96th annual American Education Week. This 12 months’s marketing campaign emphasizes that our nation’s public colleges are right here for each student —no matter the circumstance, everyone seems to be welcome and all deserve the help, tools, and time to study.
If Princeton wished to position itself as an Asian college, yes, it might fill its classes with plenty of smart abroad students who can afford to pay their very own way. Oxford, proper now, might fill each class with certified Chinese college students, all of whose households would willingly, and fairly simply, lay out the full fare. But an American kid who has to take out a mortgage to attend considered one of these colleges faces coming out of college a couple hundred thousand dollars in debt, and that is hardly the nice future these places promise solely on the power of their names. Loans for schooling might be written off beneath US bankruptcy laws. In America, if you happen to go broke, you’ll be able to write off just about all the things — every part but the loans you acquired in your education, the very debt that probably launched you on the trajectory to chapter within the first place.
Some of the people running these university monetary departments are not terribly clever. The same is true of many pension plans. Many state and city pension plans are bankrupt. In the subsequent bear market, whenever it comes (and it’ll in all probability hit fairly quickly), you’re going to see extra of the identical. It will come as an enormous shock to the world when Harvard University or Princeton or Stanford goes bankrupt, when these establishments which have been around for many years, for hundreds of years in some instances, perceive how unhealthy their finances are.
Also on the listing: The United States Navy and the United States Army Like HHS, these army service organizations aren’t best known for science, however they perform a wide range of primary and utilized analysis in pursuit of their mission. More than 60 researchers have received a Nobel Prize for work funded by the Office of Naval Research because it was established in 1946. The United States Army Laboratory, established in 1992, has developed products reminiscent of advanced coatings to protect automobiles from chemical warfare, which at the moment are used to guard monuments, sculptures and artworks.
Frederick M. Wirt is Emeritus Professor of political science on the University of Illinois, Urbana. He has been editor of the Politics of Education collection for Lexington Books and on the editorial board of a number of political science journals. He has not too long ago written extensively on the altering administrative position here and overseas, the position of culture in state function right here and abroad, the position of culture in state faculty coverage decisions, and the new political context for superintendents. He has been visiting professor at the University of Melbourne and tutorial customer on the London School of Economics.