MFA Theater Programs = Ponzi Scheme? | DENNIS BAKER LLC:
Does the teacher, that is within the academic system that charges a total sum of money that can not be paid off within the profession they are being trained for, have a responsibility to justify why this is ethical? Or do they turn the blind eye because they are getting a steady pay check?
The thrust of Daisey’s argument lies in the idea that it is very difficult for future theater artists to create theater when they are racked with debt from MFA programs. Most MFA acting programs pride themselves with the notion they are creating professional artists and not teachers. Yet many MFA actors have to look for teaching jobs when they graduate to pay off the debt from school as well as to sustain a living. We might not see the ramifications now, but like the Ponzi Scheme, this pattern of behavior will soon catch up with us.