ABSTRACT
Education faces increasing challenges and risks. Some have criticized the higher education industry, arguing that, largely because of government-subsidized student loans, it is a bloated industry (Laband and Lentz 2004; Douglass 2012; United States Senate Commitee on Health Education Labor and Pensions 2012; Carey 2013). These critics argue that the current state of education creates an
Contents A Practice-Based Critique of Education .............................................................132 Public Values and Educational Practices ............................................................133 Institutions and Educational Practices ...............................................................134 Legal Reform .....................................................................................................136 Legal Forms of Organization .............................................................................136 Cross-Sectoral Investing ....................................................................................138 Conclusions ......................................................................................................141 References .........................................................................................................143
unnecessarily overeducated US citizenry that, as a result of runaway tuition costs, faces unmanageable debt burdens. The recent economic recession, particularly with its high unemployment rate, has magnified these problems, releasing many college graduates into a world where they simultaneously face low job prospects and high student loan payments. The recession has also caused government, at all levels, to cut educational funding. Moreover, these pressures have disproportionately hurt underprivileged groups in society.
