621–630 of 669 posts
Earlier quoted context omitted.
I didn't end up with virtually any useful networking from college like you're supposed to, and the job fairs were all worthless - not a single programming related employer showed up to a single one of them. I've never heard back from any of the places nearby that I've ever applied to (there were a lot of them) except for one that called me to tell me they accidentally posted the ad for junior level when they meant se…
What state is your university located?
Earlier quoted context omitted.
No, education in America is expensive. If tuition was free or cheap, you could work part-time to pay living expenses and take more time to finish your degree as many students in Europe do.
More important: if tuition were free you could fail your students. With the present model there is a perverse incentive to pass everyone no matter what because they pay the salary.
Earlier quoted context omitted.
>The only way you're going to change demand is if decent jobs start being created that don't require a bachelor's degree. And I don't see that happening... I do. At the lower end, if employers can't afford to pay people enough to make their loan payments, they'll start hiring people without debt.
But there are already more applicants than jobs. Labour is a buyer's market at the moment.
Earlier quoted context omitted.
And college got expensive partly through policy choices. Offering easy loans tends to make people price insensitive, so tuitions go up and a lot of that money goes to things like increasingly fancy buildings and making textbook publishers' shareholders rich. Meanwhile often less is going to state schools that, with low in-state tuitions, were historically a way up for a lot of people. (An older friend went to Berkele…
This article from 538 argues that almost 3/4 of the rise in tuition is accounted for by a drop in state support. https://fivethirtyeight.com/features/fancy-dorms-arent-the-m...
Earlier quoted context omitted.
> That, in turn, means top colleges can charge pretty much whatever they want and it's still worth the money. The most prestigious colleges actually don't charge much money, except for families that can easily pay. Financial aid, including stipends for living expenses, is extremely generous at elite schools. The sticker price might be high, but few people actually pay it. The problem is more with second tier schools…
I've seen this mentioned several times, and I wish I had realized this when I was younger. I didn't even bother to apply to top tier schools even though I would have probably been accepted there because I knew my parents weren't too well off and I didn't think they'd be able to afford to support me, and I really hated the idea of taking out big college loans ($20k+ per year to go to school just seemed insane to me at…
It's an example of how inequality along financial or racial lines can be real despite there being no theoretical reason for it: if you don't know that you could attend a top tier university and leave with very little debt, you'll consider applying as a student. If you don't, then you've preemptively rejected a very good opportunity for upward mobility. Too many people just don't know because their families or communities don't play the college admissions "game."
The true value of a college education is intangible. https://getyarn.io/yarn-clip/f7f7e126-8aac-40bc-9478-70b6bea...
More specifically, they've yet to find anyone who would give them a penny for it.
They have, however, found a few people who insisted that they keep making their student loan payments.
Earlier quoted context omitted.
This article from 538 argues that almost 3/4 of the rise in tuition is accounted for by a drop in state support. https://fivethirtyeight.com/features/fancy-dorms-arent-the-m...
That line of argument would be more persuasive if it explained why tuition has increased at private colleges? Suffolk University is an unimpressive college in Boston that is at risk of losing its accredidation, yet charges $37K/year for tuition. Harvard, arguably the best college brand in the world, costs $43K. It seems like there should be a bigger delta between the two, right? Why not? Might it have something to do…
70% of Harvard students receive financial aid from the institution, and they pay an average of $12k a year total. Harvard clearly isn't charging a market rate for tuition.
Also government backed loans aren't nearly enough to cover tuition plus housing at these schools, so if your argument is that the prices are similar because they are both near the max loan amount, they aren't.
Earlier quoted context omitted.
But private schools have to compete with each other. If this was really about increased demand from students who would have otherwise gone to public schools, what we'd see is an increase in the number of private schools, not an increase in tuition.
You are right, there's no increased demand. Advertised sticker price and actual price of a private education can be substantially different https://www.wsj.com/articles/private-colleges-see-record-dis... For decades the private sector has been feeding off the gravitas created by Stanford, Harvard, Yale and other superb private institutions. Maybe time has helped, maybe the Internet made comparisons easier, but it's p…