Most education is now disconnected from the needs of students and the labour market

I cannot think of a market that is more dysfunctional in America right now than education. Total student debt topped $1.5tn this year and a Brookings study found that nearly 40 per cent of those borrowers are likely to default on their loans by 2023.

Some of the borrowers will have attended predatory for-profit colleges, for which the Trump administration recently loosened regulations.

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