Started By
Message

re: What is the liberal explanation for why college costs have exploded?

Posted on 3/2/19 at 3:43 pm to
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 3/2/19 at 3:43 pm to
quote:

Bipartisan effort to create a generation of debt slaves
Absurdity.

That generation would fricking burn DC down if someone proposed backing off student loan availability. And, that generation would also shite bricks if someone proposed attaching logical value to how much money is loaned for particular degrees. AND, that generation would shite bricks if someone proposed pruning away some of the more absurdly niche areas of study that are barely more than an academic version of going to ITT.

Your whining MIGHT have credibility if you didn't 100% support the fricking debt policies.
Posted by bmy
Nashville
Member since Oct 2007
48203 posts
Posted on 3/2/19 at 3:49 pm to
quote:

Absurdity.

That generation would fricking burn DC down if someone proposed backing off student loan availability. And, that generation would also shite bricks if someone proposed attaching logical value to how much money is loaned for particular degrees. AND, that generation would shite bricks if someone proposed pruning away some of the more absurdly niche areas of study that are barely more than an academic version of going to ITT.

Your whining MIGHT have credibility if you didn't 100% support the fricking debt policies.


That generation has only been voting for 3-4 election cycles and had pretty much zero say in legislation that was passed.

It was their parents and grandparents idea.
Posted by ClientNumber9
Member since Feb 2009
10103 posts
Posted on 3/2/19 at 3:54 pm to
quote:

You just had to slip something in there about black people and diversity. It’s like an obsession and you couldn’t resist. T I’d like to see data ( the actual data) that supports your argument about administrative costs.


I'm on my phone at the moment but when I'm back in front of a desktop I'll provide plenty of data. It's not exactly hidden information. The vast majority of new administrative positions are in progressive-liberal realms. A few decades ago there were no "diversity deans". Now almost every university has a diversity center, complete with a dean, cadre of staff, and all the administrative personnel that goes with it.

My wife is a professor at a small university here in the Northwest. Her campus's diversity center is a three story building with a staff of 24 full time workers. Their operating budget is larger than the college of business. In the coming two years there will be a dedicated $2M for "diversity education" programs, which will result in a $760 a semester increase in each student's tuition. This is happening over and over at schools across the country.
Posted by Loserman
Member since Sep 2007
23151 posts
Posted on 3/2/19 at 3:56 pm to
quote:

Conservatives have their explanation: monumental increase in easy money access and loans incentivizes schools to hike prices


The rising cost of college education directly maps federal backed student loans and grants.

Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 3/2/19 at 4:11 pm to
quote:

That generation has only been voting for 3-4 election cycles and had pretty much zero say in legislation that was passed. It was their parents and grandparents idea.
Yes. Democrats of their parent/grandparent generation pushed and passed the stupidity but today's college kids still 100% support those stupid policies and in fact, want them EXPANDED.

You can't gripe when you support it.
Posted by bmy
Nashville
Member since Oct 2007
48203 posts
Posted on 3/2/19 at 4:12 pm to
quote:


Yes. Democrats of their parent/grandparent generation pushed and passed the stupidity but today's college kids still 100% support those stupid policies and in fact, want them EXPANDED.

You can't gripe when you support it.


It was just dems?

Posted by NYNolaguy1
Member since May 2011
21764 posts
Posted on 3/2/19 at 4:15 pm to
quote:

Prices go up in direct response to the ability to charge the price.


People are only going to pay for products that:
1)are in demand (like crazy accomodations).
2)they can pay for (but not necessarily afford).
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 3/2/19 at 4:21 pm to
quote:


It was just dems?





You think conservatives have anything to do with running higher education?



When leftists are beaten in an argument that is when you hear the both sides bullshite.
Posted by AbuTheMonkey
Chicago, IL
Member since May 2014
8641 posts
Posted on 3/2/19 at 4:26 pm to
Broadly, university costs are rising across the board because of the following reasons:

1. Subsidized loans and no risk assessment mechanism for those loans. It's been said in this thread before, but it needs to be repeated: a cheap and easy supply of money for university education means that there is virtually no resource rationing mechanism in the university-lender relationship. In addition, there is no interest rate mechanism that accounts for expected future income - a sociology major has the same access and interest rate as an accounting or chemical engineering major even though their projected salaries will be quite different.

2. Quite simply, demand for American higher education is still extremely high. Domestically, despite what all the "become a welder and make six figures, baw" types will have you believe, the expected lifetime earnings for a university-educated person still far, far outstrip those without degrees on average. The most recent data I saw was that college grads earn, on average, about $1 million more over the course of their lives than non-college grads (link). Because that is still the case and will likely be well into the future, in a way, universities are raising prices because they realize they still have significant pricing power because of that difference. As an extreme example, the Ivys and places like University of Chicago, Duke, Stanford, and the like could probably charge triple or more of what they currently do, and those degrees would still be worth it for marginal difference in lifetime income; universities that are still good but maybe not quite that caliber have that same pricing power, though to an obviously lesser degree.

Add on the fact that American universities are still seen as the crown jewel of the world and golden ticket outside of the country, and demand has sustained itself pretty much unabated.

3. Somewhat related to #2, but universities remain (and probably will continue to do so) the de facto certification process for most of the professional world. You have to have a B.S. or B.A. to even get in the door at any professional company. Until that changes (and it might be, but very slowly), demand won't really change much.

4. University education is like healthcare (for the most part) and housing in that it is not a tradeable good. There is very little international competition for American higher education, and supply has remained relatively flat, especially at the more elite levels of the system. If you could produce university educations in China and ship them over by the millions, price would probably be a lot more competitive. But you can't, so it doesn't happen.
This post was edited on 3/2/19 at 4:31 pm
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 3/2/19 at 4:35 pm to
quote:


It was just dems?




Federal student loan expansion was absolutely dem driven

Sheesh. You guys can't take responsibility for anything you frick up
Posted by Smart Post
Member since Feb 2018
3539 posts
Posted on 3/2/19 at 4:39 pm to
quote:

quote: clamp on student loans at for-profit institutions (think DeVry)

quote:

Boy, they were really aiming at the heart of the problem, weren’t they?

When for-profit institutions account for half of the delinquencies, then yes..
Posted by TejasHorn
High Plains Driftin'
Member since Mar 2007
11608 posts
Posted on 3/2/19 at 4:43 pm to
Classic demand driven inflation due to ability to kick costs down the road with loans. Parents expect their little Brayden to be VP of IBM in 5 years with a degree from State U.
This post was edited on 3/2/19 at 4:46 pm
Posted by Smart Post
Member since Feb 2018
3539 posts
Posted on 3/2/19 at 4:46 pm to
Let's be honest, here. The Democrats might've pushed for easy money student loans, but Republicans across the country haven't minded reaping the rewards.

For instance, Texas. Tuition was deregulated to allow colleges to milk the federal teat as hard as possible.
Posted by ChEgrad
Member since Nov 2012
3875 posts
Posted on 3/2/19 at 5:04 pm to
quote:

Show me the last Republican or “conservative” that did anything to squash this problem


Mitch Daniels, Purdue

Wikipedia

Tuition freezes and cost reductions
Edit
The total cost of attending Purdue has fallen since Daniels assumed Purdue's presidency, despite a trend at Big Ten institutions of rising costs. Total loan debt among the student body has also fallen 30% or $55 million.[120] Tuition at Purdue, prior to Daniels' arrival had increased every year since 1976.[121] Two months after Daniels assumed his role as president, Purdue announced it would freeze tuition for two years, eventually extending the freeze for six years, through 2019. As a result, multiple graduating classes have become the first in at least 40 years to leave Purdue having never experienced a tuition increase,[122][123] in-state tuition is more than $1,000 lower than if the university had raised rates at the national average, and students and families have saved more than $226 million in educational expenses.[124]
Posted by CollegeFBRules
Member since Oct 2008
25703 posts
Posted on 3/2/19 at 5:28 pm to
That is absolutely fantastic. I didn’t see anything saying he was a Republican or Democrat, but whatever he is, that is a fantastic model.
Posted by AbuTheMonkey
Chicago, IL
Member since May 2014
8641 posts
Posted on 3/2/19 at 5:41 pm to
He was the Republican governor of Indiana before his stint at Purdue and was, at one time, a legit favorite to get the Republican Presidential nomination.
Posted by The Funnie Five
Bluffington
Member since Feb 2019
3404 posts
Posted on 3/2/19 at 5:42 pm to
"CONSERVATIVES DONT VALUE INVESTING IN EDUCATION"""""
Posted by MizzouBS
Missouri
Member since Dec 2014
6879 posts
Posted on 3/2/19 at 6:11 pm to
I’m not a liberal, but I have a prospective that most people don’t see everyday. My wife has been a professor for over 10 years(almost 11).

1. States are giving less money to public schools each year. In Missouri only two public universities were in the black last year.

2. If a new professor is hired today they start out about $10,000 less than she did 11 years ago. Colleges don’t pay teachers more most campuses are saving money on new hires. They save even more money by hiring 2 or 3 adjuncts instead of one new professor.

3. Prices for students continue to increase because it cost more for basic things(electric, sewage, food etc...).

There are many other reasons why prices continue to increase, but the main reason is cost living increases for colleges
Posted by BBONDS25
Member since Mar 2008
59449 posts
Posted on 3/2/19 at 6:14 pm to
quote:

There are many other reasons why prices continue to increase, but the main reason is cost living increases for colleges

This is not true. If cost of living increases were the main factor, tuition would mirror it. It has outpaced it dramatically.
Posted by Bass Tiger
Member since Oct 2014
55701 posts
Posted on 3/2/19 at 6:33 pm to
I can tell you in CA at state universities retired professors can receive over $110k in pension benefits annually, that will have some bearing on rising tuition costs,
first pageprev pagePage 3 of 4Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram