I don’t understand why the cost of education is so much? I mean I get supply and demand and the student loan game, but some of these universities could run off the interest of the endowments alone?

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Posted by TheOcean

#honeyfriedchicken

Member since Aug 2004

42541 posts

Posted on 4/16/18 at 7:28 am to BigPerm30

Bloated administrations, paying tenured professors too much, and blowing money on projects that are unnecessary.

Working at a university is the equivalent of working for FedGov -- you don't do shite for half the day, make a good salary, and get full benefits.

This post was edited on 4/16/18 at 7:29 am

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Posted by SlowFlowPro

Simple Solutions to Complex Probs

Member since Jan 2004

423378 posts

Posted on 4/16/18 at 7:29 am to BigPerm30

quote:
I don’t understand why the cost of education is so much?

2 big things

1. administration. it's exploded and there is a large volume and many of them have insane salaries

2. all the amenities they're adding in the arms race to get that sweet, sweet loan money rolling in

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Posted by TSLG

Member since Mar 2014

6724 posts

Posted on 4/16/18 at 7:36 am to BigPerm30

Secondary education and the car business are the same.

If somebody is willing to finance their customers for $10k a semester (or car), they'll charge $10k. If they'll finance $50k, they'll charge $50k.

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Posted by TigerNlc

Chocolate City

Member since Jun 2006

32510 posts

Posted on 4/16/18 at 7:39 am to BigPerm30

quote:
I don’t understand why the cost of education is so much? I mean I get supply and demand and the student loan game, but some of these universities could run off the interest of the endowments alone?

Yet F King wants you to believe they are broke and are going to have to shut down.

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