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NYU Makes Tuition Free for All Medical Students

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Re: NYU Makes Tuition Free for All Medical Students

#191

Earlier quoted context omitted.

> Just make college free. Sure, have some funding ideas?

[flagged]

I wasn't aware that professors in Germany were unpaid. Or that the NHS was purely volunteer. Or that either countries had abolished private industry in either of those contexts.

Oh wait, no, it just turns out that the turning point-esque meme that socialized services equates to free labor is just absurd.

Re: NYU Makes Tuition Free for All Medical Students

#192
post #150

This is probably the other piece of the puzzle regarding the implementation of single payer healthcare. Because who in their right mind wants to sacrifice 16 years of earning potential, take on 500K of debt only to become an MD with long work days and now prices that are fixed with no other form of negotiation leverage in sight.

Does anyone know if the single payer models we use in the US keep Dr. salaries on par? I've only heard of savings from negotiated drug prices, and insurance overhead; but, if Dr. salaries are also decreased, OP's got an interesting point.

I don't think doctor salaries are substantially lower in Canada.

Re: NYU Makes Tuition Free for All Medical Students

#193
post #183

Earlier quoted context omitted.

I agree. Yes, it will cost a lot and yes we need to find a way to fund it, but giving all communities fair access to education is in everyone's best interest. Increasing the base level of education makes everyone a more intelligent, informed citizen and voter, and will have a positive impact on the progression of our country. I think it's a bad idea to be penny pinching in this regard. I also think everyone being edu…

I agree with a lot of your points, but the way to increasing the base level of education isn’t through making all colleges free — it’s through investing in and making community colleges free. Why? If we’re trying educate the entire populace instead of a few high achieving high schoolers, we should recognize that a majority of people can’t afford to up-end their lives, move far away, and spend 4 years getting a degree…

This is fair. I'm saying all higher education, so if upending your life doesn't work for you, you could choose a local school or community college.

Also the regular admissions system would be in place, so higher achievers would still exclusively get into more prestigious schools, it's just that money won't be a factor.

Re: NYU Makes Tuition Free for All Medical Students

#194

Earlier quoted context omitted.

Under educated population is a disaster, but that problem starts about 12 years before college, in a different all public/free education system. Jamming more people through mediocre and worse college programs to get worthless degrees is a waste of time and money.

Why do you assume that degrees are "worthless?" How are you defining "worthless?" Based on the research, getting a degree significantly increases your earning potential. But I would argue that even if that wasn't the case and everyone got philosophy, literature, and history degrees, our country would be significantly better positioned globally. And I agree with your statement that the problem starts earlier. Although…

Worthless = "no employer willing to pay good money for the skills or knowledge you acquired"

Re: NYU Makes Tuition Free for All Medical Students

#195

Earlier quoted context omitted.

> Just make college free. Sure, have some funding ideas?

Raise the income tax, create a VAT, kill the mortgage-interest tax deduction, add a Financial transaction tax, tax capital gains like normal income, stop subsidizing fossil fuel extraction, add a carbon tax, and lower the threshold for the inheritance tax and raise the percentage.

Making college free is a huge waste of resources.

College is largely an exercise in social credentialing and signaling. If we make college free, the people who want to get ahead in society will just go to expensive graduate programs in order to distinguish themselves. Then the discussion will shift to fully funding those programs...

Our current system is very fair. Take out a loan if you need to, but make sure your post graduation prospects justify taking a loan out. If they don't, then don't get the loan.

One of the major reasons why college is so expensive today is because the availability of loans means Universities are able to continuously hike tuition in support of ever expanding bureaucracies (not in support of the core educational mission) without fear of students not being able to pay, because the loans mean students can always secure funding! Society is basically writing them a blank check... The answer is NOT to give them even more money!

College education has become a financial black hole that will only expand if we throw more money at it.

Re: NYU Makes Tuition Free for All Medical Students

#197
post #183

Earlier quoted context omitted.

I agree. Yes, it will cost a lot and yes we need to find a way to fund it, but giving all communities fair access to education is in everyone's best interest. Increasing the base level of education makes everyone a more intelligent, informed citizen and voter, and will have a positive impact on the progression of our country. I think it's a bad idea to be penny pinching in this regard. I also think everyone being edu…

I agree with a lot of your points, but the way to increasing the base level of education isn’t through making all colleges free — it’s through investing in and making community colleges free. Why? If we’re trying educate the entire populace instead of a few high achieving high schoolers, we should recognize that a majority of people can’t afford to up-end their lives, move far away, and spend 4 years getting a degree…

Can you elaborate on the Californian bias with regard to community colleges? Is the California community college system better/worse than other states?

I’m a native Californian that went straight to a 4 year, but I sometimes think about how much cheaper college would have been if I had gone to community first.

Re: NYU Makes Tuition Free for All Medical Students

#198
post #32

I'll probably be downvoted on a forum like this, but I worry about the most successful universities using their funds to subsidize those who would be fine without it. I was actually made aware of this by a wealthy Stanford alumni which has a fairly broad program for undergraduate tuition assistance. Graduates of mid/low tier universities seem more and more likely to have to compete with better credentialed people wit…

I would say it is pretty hard to determine who would be fine without it. Just because a student is from a wealthy family does not mean that the family will pay for their kids tuition.

Re: NYU Makes Tuition Free for All Medical Students

#199
post #32

I'll probably be downvoted on a forum like this, but I worry about the most successful universities using their funds to subsidize those who would be fine without it. I was actually made aware of this by a wealthy Stanford alumni which has a fairly broad program for undergraduate tuition assistance. Graduates of mid/low tier universities seem more and more likely to have to compete with better credentialed people wit…

IDK. The same thought process led me to not being able to complete college due to financial reasons. Despite being emancipated, FAFSA still considers you a dependent until you're 24. I was told that only with documentation of leaving an abusive household would a dependency exception grant be applied. So according to FAFSA I was supposed to use all this money that I didn't have to pay for college. By 24 I had dropped…

> now putting me outside of the income level where I'd get even federal loans (and quite frankly I still can't take on that debt load).

There are no income limits on federal student loans.

Re: NYU Makes Tuition Free for All Medical Students

#200

I feel like all the collage should be free people are not thinking far enough ahead to what that actually means. 1) A free collage will end up being more like extended high school. 2) At some point new institutes of for pay higher education will pop up. They just won't be called colleges. People who can afford them will clearly have a advantage and top companies will start to seek out people who attended these organi…

I don't think anyone is suggesting all private institutions should be tuition free. NYU chose to do it for medical school, however the progressives in USA just want public college to be tuition free. I doubt those outcomes will come to pass. Tuition used to be basically free in the USA, and it already is in many European nations, and we didn't/don't see those outcomes that you worry about.

I did not have time, write this when I made my original post.

Just because I don't agree with free does not mean I am for the inverse which is crazy high tuitions. In my opinion the crazy high tuitions is a result of guaranteeing people loans. Demand went up on a near fixed supply thus cost went up. Then when people who probably should have not been going to school started dropping out the schools saw that as a loss of revenue and fixed the problem by lowering the bar to make sure they did not have as many dropouts thus keeping their revenue up. Nobody ever likes to see a drop in revenue even if the spike was caused by artificial means.

Free market really only works if you don't have people messing around with it. It's not a free market for schools if everybody can get a loan.

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