So the topic here is a bit of a controversial one. In recent years, there's been a lot of discussion about the true value of a secondary education and how student debt is eventually going to overwhelm the country with many students defaulting on their loans. After some discussion with a few peers, one of the issues brought up was how heavily the government currently subsidizes all secondary education (~90% of loans are publicly held). The debate isn't over the amount of subsidization, rather where should that money be distributed.
So I pose a form of the question here: for a school that is supported by a local government (let's say, 50% of the school's costs), should the government decide the distribution of degrees that the school has?
Let me give you an example: at the U of M TC (which I attend), almost 20% of the entire undergraduate body is a psychology major. Now its obvious that the local (and national) economy can not support 1000+ psychology graduates per year. So if the U of M decides to take 50% funding from the government, should the government be allowed to say: Okay, our economic data shows that in the following years, our economy will need 5% computer science majors, 10% business/marketing/human resources, 20% engineers, etc. to fill all of the positions that will be available. So that's what the University will be required to fulfill." Basically, the U of M would then have to reduce its number of psychology undergraduates from 20% to say, 2%, as long as it's accepting public aide.
This would NOT affect private schools or schools that only take small amounts of government funding. Just large, mostly publicly funded universities.
What do you think? Would this help our public tax dollars go to better use? Perhaps keep those who are just wasting time/money from contributing to the pile of debt that continue to grow?