Biggest Offender in Outsize Debt: Master’s Degrees

Post by dragonwriter » Wed, Jun 05, 2019, 8:48 PM UTC

leetcrew wrote: post #111

js2 wrote: post #87

Earlier quoted context omitted.

"Lessons from Chile’s transition to free college": https://www.brookings.edu/research/lessons-from-chiles-trans... HN discussion when it was introduced four years ago: https://news.ycombinator.com/item?id=9514404 An essay by By Andreas Schleicher, Deputy Director for Education and Special Advisor on Education Policy to the Secretary- General, OECD from 2013 that looks at free higher education and concludes that a com…

> Countries that rely solely on the market to determine the cost of higher education, such as the United States is this a joke? it's true only in the extremely narrow sense that the US does not directly legislate the price of private college tuition.

Post by sjg007 » Wed, Jun 05, 2019, 8:54 PM UTC

freewilly1040 wrote: post #30

ghobs91 wrote: post #25

This is what happens when there's 0 pressure on universities to price their programs competitively. If the government is backing every loan, the schools get paid up front, and the risk is then transferred to the gov to collect, why WOULDN'T a university charge as high a tuition as possible and hop on the gravy train? Their non-profit status hasn't even done much to keep costs low, as they can just keep hiring tons of…

This is why I'm so skeptical of the "free college" rhetoric from Elizabeth Warren and the like... The underlying problem is the giant wealth transfer to colleges, and the progressive fixes seem to be to transfer even more wealth to them.

Post by verall » Wed, Jun 05, 2019, 9:04 PM UTC

permatech wrote: post #37

In engineering the quip was always "if you're paying for graduate school you're doing it wrong" ... to even get in the door for most hardware jobs fresh out of school you need a MS. A PhD may be preferred, and will start with a higher salary -- but put in ~5yrs instead of 2. As long as the tuition is covered and you make money as a TA or RA in a low-cost of living area you should come out ahead in the engineering fie…

Post by magduf » Wed, Jun 05, 2019, 9:18 PM UTC

sjg007 wrote: post #114

freewilly1040 wrote: post #30

Earlier quoted context omitted.

This is why I'm so skeptical of the "free college" rhetoric from Elizabeth Warren and the like... The underlying problem is the giant wealth transfer to colleges, and the progressive fixes seem to be to transfer even more wealth to them.

Most public colleges had significant funding guarantees in the State budget. A consequence of the 2008 financial crisis was that most State legislatures cut these obligations significantly. Accordingly, colleges had to raise tuition prices to compensate for the lost funding. I see student loans as basically a tax on the middle class. Get an education and a better job and pay an additional 6.5% tax on what you borrowe…

Post by peteretep » Wed, Jun 05, 2019, 9:25 PM UTC

freewilly1040 wrote: post #30

ghobs91 wrote: post #25

This is what happens when there's 0 pressure on universities to price their programs competitively. If the government is backing every loan, the schools get paid up front, and the risk is then transferred to the gov to collect, why WOULDN'T a university charge as high a tuition as possible and hop on the gravy train? Their non-profit status hasn't even done much to keep costs low, as they can just keep hiring tons of…

This is why I'm so skeptical of the "free college" rhetoric from Elizabeth Warren and the like... The underlying problem is the giant wealth transfer to colleges, and the progressive fixes seem to be to transfer even more wealth to them.