Congratulations, class of 2014: You’re totally screwed! In sum, you paid nearly sixty grand a year to attend some place with a classy WASP name
and ivy growing on its fake medieval walls. You paid for the best, and now you are the best, an honorary classy WASP entitled to all the privileges of the club. That education your parents got, even if it was at the same school as yours, cost them far less and was thus not as good as yours. That’s the way progress works, right?
Actually, the opposite is closer to the truth: college costs more and more even as it gets objectively worse and worse. Yes, I know, universities today offer luxuries unimaginable in the 1960s: fine gymnasiums, gourmet dining halls, disturbing architecture. But when it comes to generating and communicating knowledge—the essential business of higher ed—they are, almost all of them, in a frantic race to the bottom.