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U of Chicago projected to be the first U.S. university to cost $100k per year

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11–20 of 563 posts

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#11

One thing I find crazy is the very same institutions that are generally very left leaning, decry income inequality, and espouse generally liberal views then turn around and having tuition costs that having been rising at rates so far above inflation. Student debt is a major issue in the US and the ever increasing costs of tuition are a MAJOR culprit in pushing this crisis. Where are these costs coming from? How can y…

I work at one local university, and my wife works at another. One thing we've definitely noticed (and this is a widespread problem) is that the administration is becoming more top-heavy. There are cutbacks in faculty, support, and teaching staff, more reliance on adjuncts (academic temps, basically), and so on, while central administration grows. Expensive new buildings contribute, but less than people suppose. But that is a tangential problem, in that wealthy donors want to give big gifts for vanity projects rather than to, say, scholarship funds.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#13

One thing I find crazy is the very same institutions that are generally very left leaning, decry income inequality, and espouse generally liberal views then turn around and having tuition costs that having been rising at rates so far above inflation. Student debt is a major issue in the US and the ever increasing costs of tuition are a MAJOR culprit in pushing this crisis. Where are these costs coming from? How can y…

Interestingly enough, many elite schools have need-blind admissions and excellent aid if you are poor. If you are rich, it's affordable. As usual, it's the middle class that gets screwed.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#14
Is University of Chicago even that good? Genuinely curious, as I know nothing about it. I live here in Chicago, and feel like I never hear about it, compared to say Northwestern or like UIC (University of Illinois at Chicago). Why would anyone ever pay that much for college yearly, if it wasn't like the #1 school, by a landslide, in the US?

EDIT: I guess it is good? haha The more you know. Just surprising that I've been here in Chicago for almost 10 years now, and feel like I never hear about it compared to other colleges in the city. Maybe it's cause they aren't downtown or something? ¯\_(ツ)_/¯

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#15

One thing I find crazy is the very same institutions that are generally very left leaning, decry income inequality, and espouse generally liberal views then turn around and having tuition costs that having been rising at rates so far above inflation. Student debt is a major issue in the US and the ever increasing costs of tuition are a MAJOR culprit in pushing this crisis. Where are these costs coming from? How can y…

Has the University of Chicago ever advocated for free college? Their economics department, home of the late Milton Friedman and the Chicago Boys, is among the most right-leaning in the country.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#16

One thing I find crazy is the very same institutions that are generally very left leaning, decry income inequality, and espouse generally liberal views then turn around and having tuition costs that having been rising at rates so far above inflation. Student debt is a major issue in the US and the ever increasing costs of tuition are a MAJOR culprit in pushing this crisis. Where are these costs coming from? How can y…

I work at one local university, and my wife works at another. One thing we've definitely noticed (and this is a widespread problem) is that the administration is becoming more top-heavy. There are cutbacks in faculty, support, and teaching staff, more reliance on adjuncts (academic temps, basically), and so on, while central administration grows. Expensive new buildings contribute, but less than people suppose. But t…

Ahh, the iron law of bureaucracy at work. https://www.jerrypournelle.com/reports/jerryp/iron.html

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#17
How to fix student loans...

The .gov backs student loans. And, they are non-dischargeable. So, it is zero risk for the lender to give loan to the 2.7 GPA moron getting a worthless basket weaving degree from the local private lib arts school for $100k. So, they give as many loans as possible, since they can't lose (taxpayer on the hook). Colleges are incentivized to drive up costs of tuition b/c tons of free money.

It's a classic moral hazard created by .gov guaranteeing the loans. Same thing we saw in the housing crisis.

Make student loans dischargeable in bankruptcy or take away the .gov guarantee and watch the market for student loans for worthless degrees dry up and tuition costs plummet.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#18

Honest question from an outsider: how realistic would it be for the government to stop guaranteeing student loans over a "public university" (community college?) level threshold? What are the unintended secondary effects? Would it help curb wild-growth of tuition fees?

The very first step should be to make student loans dischargeable in bankruptcy again.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#19

One thing I find crazy is the very same institutions that are generally very left leaning, decry income inequality, and espouse generally liberal views then turn around and having tuition costs that having been rising at rates so far above inflation. Student debt is a major issue in the US and the ever increasing costs of tuition are a MAJOR culprit in pushing this crisis. Where are these costs coming from? How can y…

U. Chicago is left leaning? It produced the Chicago boys, the authors of neoliberalism in Chile.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#20

Is University of Chicago even that good? Genuinely curious, as I know nothing about it. I live here in Chicago, and feel like I never hear about it, compared to say Northwestern or like UIC (University of Illinois at Chicago). Why would anyone ever pay that much for college yearly, if it wasn't like the #1 school, by a landslide, in the US? EDIT: I guess it is good? haha The more you know. Just surprising that I've b…

From US News, its #6 in national rankings so its pretty good. But the way the economy is structured around knowledge work and with the effect of credential signalling, our society is convinced of the need to get into the best school possible. This belief could be utter bullshit, have some truth (top rated schools teach better), or be somewhere in between.

What is probably very true is that getting into a top school is a signal that you did very well in the competition of getting into a good school. And employers absolutely pay attention to where you went.

so getting into a good school becomes a societal self fulfilling prophecy in terms of importance.

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