The risk of a low return is accentuated when the investment is financed through debt and based on the assumption that the educational investment will translate into higher wages that make the debt payments affordable. Indeed, student indebtedness rose sharply in the years surrounding the Great Recession.
I can hardly imagine life without art and culture, because they give impulses for new thinking and creativity. Art presupposes both openness and tolerance and opens up new ways of seeing things that we should not ignore and which are essential for defining our quality of life and our future in a positive way.