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re: What you do not understand about college cost
Posted on 8/25/22 at 10:50 am to RogerTheShrubber
Posted on 8/25/22 at 10:50 am to RogerTheShrubber
quote:
Government subsidies.
Subsidizing will raise cost. Colleges took advantage of the opportunity and created a shite load of bloat.
Absolutely. This is an ongoing massive scandal.
The Academe gets paid telephone number salaries no matter what drivel their indoctrinaires masquerading as "teachers" pass as "education."
And then there's the same correlating spiraling financial costs and scheme afoot in the Medical Care/Insurance game over roughly the same time frame. Talk about "bloat."
Socialism run amok. Wanna play? Gotta play with Uncle Sam. The upside? NAME YOUR PRICE. The goal as we know was to gradually replace capitalism and the free market.
0
Posted on 8/25/22 at 10:52 am to FreddieMac
quote:
Why are they so expensive today? What has changed? #HINT: has nothing to do with worthless degrees and lazy young people.
That’s a dumb analysis.
What’s the total dollars?
Appropriations haven’t gone down. They just haven’t kept pace with admissions. That’s the university’s fault for admitting people who have no business being there.
Posted on 8/25/22 at 10:53 am to SammyTiger
quote:
They went from paying for universities to pushing that onto students
That's a good thing. It puts market pressure on the colleges, similar to how public school choice applies market pressure to public schools.
Posted on 8/25/22 at 10:54 am to FreddieMac
Understand it perfectly. It's not worth the price. Why are we still subsidizing it? Why are we subsidizing the mistake of past overpayment?
Posted on 8/25/22 at 10:55 am to FreddieMac
quote:
If you push people into college because of societal values, then society has a responsibility to support those individuals.
You can apply that to any irresponsible financial choice people make. Society "pushes" people to drive nice cars, so let's pay off everybody's car loan. Screw that. Society doesn't force anybody to go to college or drive a new car.
Posted on 8/25/22 at 10:57 am to FreddieMac
quote:
Buddy, it always been on the back of tax payers. This is what people do not get. That is the point of land-grant public universities. Public universities were founded by the American public to provide low cost education for the betterment of society. Public education SHOULD be funded by tax payers, that is the point!
And it shouldn’t be!!!!!
Posted on 8/25/22 at 10:59 am to FreddieMac
quote:
per student.
Derp
quote:
Over the past few decades, the total number of college students in the U.S. has increased significantly, going from just 13.8 million in 1990 to nearly 20 million in 2020.
LINK
This post was edited on 8/25/22 at 11:04 am
Posted on 8/25/22 at 11:04 am to FreddieMac
quote:
Nope, the data does not support your conclusion. Subsidizing reduces cost to the student, not increase it.
I'm going to take a different take.
As student loans became more acceptable and easier to get for students, state legislators realized... hmm we can redirect state spending on college to other areas and let the students just borrow more. That explains the line showing state appropriations going down.
As this began to happen, colleges then realized... you know going and asking for the legislature to appropriate more money - so we can spend more - is a real PITA. But... it's really easy for us to just raise tuition prices... because again... those loans will pick it up! That explains the line showing tuition increasing... and at a steeper rate more recently.
The real issue isn't so much who is spending the money... it's the fact that nothing is slowing down the price increases. No one is telling the colleges to cut prices and be more efficient, or cut prices and stop wasting money in stupid areas.
Posted on 8/25/22 at 11:06 am to LSUFanHouston
quote:
That explains the line showing state appropriations going down.
Did state appropriations actually go down? Or just down as a percentage of revenue?
Posted on 8/25/22 at 11:07 am to FreddieMac
What happened in 1971 to make all this bullshite possible?
Posted on 8/25/22 at 11:08 am to LSUFanHouston
quote:
No one is telling the colleges to cut prices and be more efficient, or cut prices and stop wasting money in stupid areas.
Do you think someone should be telling them to do that? If so, who?
Posted on 8/25/22 at 11:08 am to FreddieMac
Your graphs are showing that when the frequency of student loans increased so did the cost of tuition... see the problem? the colleges don't care. it was a money making scheme for everyone but the government who guaranteed the damn loans.
Posted on 8/25/22 at 11:09 am to Lynxrufus2012
quote:
People that go to college ought to be able to perform simple economic analyses
They should.
For years now I've said part of the high school graduation requirements should be a required half-credit course (1 semester) in financial literacy. Ideally this would be taught at the sophomore or junior level.
Louisiana requires a full credit in ART. I'm all for a classical education... but why not do a half credit in art and a half credit in financial literacy.
Think of the average adult in this country... and the financial decisions they make... and you expect a 17 year old to make smart financial decisions?
Cone on. We are failing our kids here.
Posted on 8/25/22 at 11:13 am to DisplacedBuckeye
quote:
Do you think someone should be telling them to do that? If so, who?
This could be easily accomplished by decreasing the amount that students can borrow.
It is simple math at that point. Colleges and universities would have to cut expenses.
Posted on 8/25/22 at 11:13 am to FreddieMac
1. Link?
2. Your 2nd chart shows "State" appropriations, not federal funds. Is this from a single state or an average of all states? (thus the link request)
3. Per #2, can you now do one where instead of state appropriations we see a comparison for federally-backed student loans?
2. Your 2nd chart shows "State" appropriations, not federal funds. Is this from a single state or an average of all states? (thus the link request)
3. Per #2, can you now do one where instead of state appropriations we see a comparison for federally-backed student loans?
Posted on 8/25/22 at 11:15 am to FreddieMac
quote:
Why are they so expensive today? What has changed?
The number of “administrators” and departments is through the roof.
Also, colleges are now resorts not schools.
Posted on 8/25/22 at 11:15 am to FreddieMac
quote:
Ask Mike Rowe if our society values people without college degree versus with college degrees.
If you push people into college because of societal values, then society has a responsibility to support those individuals.
Just trying to understand your context here.
Who exactly is doing the "pushing"?
Whose "societal values" are presumed?
And exactly who are obligated to "support" the presumed college grads?
(Are might you be suggesting any Academe that touts "COLLEGE DEGREES = IGH-PAYING JOBS!!" be charged with fraud and malpractice?)
THAT might be legit.
Posted on 8/25/22 at 11:17 am to the808bass
quote:
Did state appropriations actually go down? Or just down as a percentage of revenue?
quote:
Between school years 2008 to 2018, after adjusting for inflation:[2]
41 states spent less per student.
On average, states spent $1,220, or 13 percent, less per student.
Per-student funding fell by more than 30 percent in six states: Alabama, Arizona, Louisiana, Mississippi, Oklahoma, and Pennsylvania.
Between school years 2017 to 2018, after adjusting for inflation:
27 states spent less per student. In 15 of these states, funding also fell the previous year.
23 states spent more per student.
Overall, per-student funding essentially remained flat.[3]
So it seems like there were massive cuts... and those massive cuts seem to be stopping... and in some cases reversing. But not yet back to where they were.
This website has a number of graphs you can play with... but it says from 2008 - 2018, in inflation-adjusted dollars, Louisiana spending per student went down 38%.
[quote]LINK ]
Posted on 8/25/22 at 11:18 am to DisplacedBuckeye
quote:
Do you think someone should be telling them to do that? If so, who?
How about the adults in the room... i.e. the parents who should know better.
But they don't know better. The parents are the ones with 84 month notes on a Tahoe at 13 percent interest.
Posted on 8/25/22 at 11:19 am to lesserof2weevils
Government money ruined the original model. Colleges can raise prices as high as the government will lend. It's the students who get screwed, of course.
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