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re: I don’t get why it is more costly for colleges to educate students now vs the 70s/80s
Posted on 4/30/22 at 3:45 pm to HailHailtoMichigan!
Posted on 4/30/22 at 3:45 pm to HailHailtoMichigan!
quote:
In 2005, the endowment table below totaled $219.37 billion. By 2015, the table totaled $394.96 billion, an increase of 80%. As of 2018, the total further increased to $479.23 billion.
0
Posted on 4/30/22 at 4:09 pm to winston1970
quote:
The student loans lines were pretty long when I was at LSU in the early 90's.
During registration in the PMAC (pre-REGGIE)? There were lines for scholarship checks too. I just remember in high school when they handed out a FAFSA, the attitude was “don’t bother filling this out if you’re not poor or going into the military”.
Posted on 4/30/22 at 4:11 pm to HailHailtoMichigan!
ETA: And Ohio State is rather stingy with their DEI budget compared to most major universities.
This post was edited on 4/30/22 at 4:13 pm
Posted on 4/30/22 at 4:37 pm to HailHailtoMichigan!
Besides many of the good answers posted, schools are now trying to compete for being the best resorts, with rock climbing walls, crazy Rec centers, 500 sport programs when only 1-2 subsidize the rest, professors and admins get paid more and more etc.
Posted on 4/30/22 at 5:03 pm to HailHailtoMichigan!
Let's see, the federal government dumped billions of dollars into the college education system with easy to obtain student loans and you're wondering why costs have escalated? Gee, it's a mystery.
Next you'll be asking why medical costs have skyrocketed after trillions of Medicare/Medicaid/Prescription Drug Benefit dollars have been soaked into the healthcare industry.
Next you'll be asking why medical costs have skyrocketed after trillions of Medicare/Medicaid/Prescription Drug Benefit dollars have been soaked into the healthcare industry.
Posted on 4/30/22 at 5:04 pm to HailHailtoMichigan!
The answer is the same as it is for healthcare. All the “free” money is too tempting to not take advantage of either through insurance or gov backed loans.
The more money colleges charge, the more they can get their students approved for in loans. So they pile on useless administrative positions and build fancy buildings then plead poverty and demand donations from alumni who just got done paying inflated tuition and still have loans. It’s absolutely ludicrous.
The more money colleges charge, the more they can get their students approved for in loans. So they pile on useless administrative positions and build fancy buildings then plead poverty and demand donations from alumni who just got done paying inflated tuition and still have loans. It’s absolutely ludicrous.
Posted on 4/30/22 at 5:08 pm to HailHailtoMichigan!
While bloated admin is a part, one of the biggest drivers is that states raided their portion of the university budget either through nesscessity due to being prohibited at making cuts elsewhere, or to just outright free up money for their pet projects.
It was felt politically viable to do this because of how cheap government made getting loans.
As a result of a reduction of state funding, universities increases tuition and fees.
You’ll find that most private schools had far lower tuition growth because of not being subject to withdrawal of funding.
It was felt politically viable to do this because of how cheap government made getting loans.
As a result of a reduction of state funding, universities increases tuition and fees.
You’ll find that most private schools had far lower tuition growth because of not being subject to withdrawal of funding.
Posted on 4/30/22 at 5:46 pm to HailHailtoMichigan!
quote:
Is it also due professor salary/lecturer salary increases?
While there may be more faculty and instruction than say twenty years ago wages have not increased at the same rate as administration costs. If anything colleges are finding more ways to stretch or reduce faculty and instruction costs. Faculty retirements replaced with adjuncts and instructors, with VAPs positions used to fill gaps without losing talent. Or just flat out sit on open tenure-track lines for as long as possible before needing to approve advancing the hiring process.
Faculty, especially untenured assistant professors and lower, make so much less that you think they do.
Posted on 4/30/22 at 6:03 pm to HailHailtoMichigan!
quote:
What changed?
Handing out tenure like candy, for starts
Posted on 4/30/22 at 6:10 pm to HailHailtoMichigan!
When student loans were taken over by the government what the hell did people think would happen? You think a private lender would give someone 150K for a gender studies or sociology degree? Yeah right, no private lender in their right mind would put that kind of money on the table for a bullshite degree. When Government took over student loans universities realized they could charge through the nose for even useless degree programs. As a university why wouldn't you then put as many kids in even if they are not college material in classes? They will get their money regardless. It is a big scam all of it. Sadly, stupid sons of bitches like you voted for the guy who is going to try and forgive some or much of that debt that some people with useless degrees hold. So on behalf of America frick you you fricking frick.
This post was edited on 4/30/22 at 6:14 pm
Posted on 4/30/22 at 6:11 pm to Stealth Matrix
quote:
Handing out tenure like candy, for starts
How so? Do you have insight into the process tenure-track faculty go through now vs to the process faculty went through in the 70s and 80s?
Posted on 4/30/22 at 6:14 pm to HailHailtoMichigan!
Swe university diversity thread
Posted on 4/30/22 at 6:20 pm to HailHailtoMichigan!
Pretty sure that disinvestment in higher education began around that time (primarily due to the recession). Many people used to go to non-private colleges on the cheap back then when the states funded them to where it wouldn’t be so expensive.
Posted on 4/30/22 at 6:34 pm to HailHailtoMichigan!
Missed economics class, aye?
Hope you did not miss English for the irony.
Hope you did not miss English for the irony.
Posted on 4/30/22 at 6:38 pm to HailHailtoMichigan!
College tuition and fees are higher for many reasons:
- decrease in state appropriations to schools, essentially shifting from tax payer funded to user funded
- increase in amenities, from workout/sports facilities to information technology to nicer housing
- increased access to student loans
-increased demand for college educations
-bloated admin
- decrease in state appropriations to schools, essentially shifting from tax payer funded to user funded
- increase in amenities, from workout/sports facilities to information technology to nicer housing
- increased access to student loans
-increased demand for college educations
-bloated admin
Posted on 4/30/22 at 6:59 pm to Dawgfanman
The first one isn’t as big of a thing as the colleges make it out to be. The rest of those are all possible only because of student loans. Loans are the root cause no matter which way you look at it.
Posted on 4/30/22 at 7:13 pm to McVick
quote:
How so? Do you have muh insight into
I see I struck a nerve.
Posted on 4/30/22 at 7:13 pm to NOLAVOL16
quote:
The first one isn’t as big of a thing as the colleges make it out to be
It varies greatly by state, but in Georgia:
quote:
At the University of Georgia, state funding accounted for 42.2 percent of revenues in 2001, while student tuition and fees made up 13.4 percent, according to the UGA Fact Book. In the 2018 fiscal year, the state contributed 27.3 percent, while student tuition and fees made up 31.0 percent; triple the percent in 2001.
With the lottery and Hope Scholarship here, much of the funding was shifted to lotto players.
But I do agree with you about the loans being one of the biggest issues. As with most things, cheap/“free”/plentiful “pay later” schemes will lead to overspending.
Posted on 4/30/22 at 7:16 pm to HailHailtoMichigan!
quote:You seem to have confused cost and price.
I don’t get why it is more costly for colleges to educate students now vs the 70s/80s
Posted on 4/30/22 at 7:20 pm to HailHailtoMichigan!
quote:
I don’t get why it is more costly for colleges to educate students now vs the 70s/80s
Have you ever seen a university 40 years ago? No Rec center with lazy rivers. Share a room with 3 three people, and the whole floor shares a bathroom. No cafeteria on the weekend.
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