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

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

#41

Post by BurningFrog » Mon, Nov 04, 2019, 4:39 PM UTC

sorenn111 wrote: post #7

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…

When there is a difference between what people say and what they do, always believe what they do.

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

#42

Post by snarf21 » Mon, Nov 04, 2019, 4:39 PM UTC

chrischattin wrote: post #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…

The government giving anyone and everyone money and guaranteeing it is the problem. I don't think the bankruptcy plan works. A lot of people would just not pay.

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

#43

Post by bluedevil2k » Mon, Nov 04, 2019, 4:39 PM UTC

chrischattin wrote: post #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…

Make the college take a 10% stake in each loan. Suddenly they’ll start being more discerning about who they accept and what their majors are.

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

#44

Post by skywhopper » Mon, Nov 04, 2019, 4:40 PM UTC

The data is this article are pretty misleadingly framed. The only time they quote the current cost, they use the base tuition number of $57,642. In the next sentence they say that in six years the cost is projected to be over $100,000. But the latter number includes all additional costs: tuition, room and board, books, fees, supplies, transportation, and living expenses. The former number is just tuition. UChicago is crazy expensive, but it's not doubling in cost in the next six years.

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

#45

Post by [deleted] » Mon, Nov 04, 2019, 4:40 PM UTC

bluetidepro wrote: post #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 b…

[deleted]

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

#46

Post by pastor_elm » Mon, Nov 04, 2019, 4:40 PM UTC

big_chungus wrote: post #13

sorenn111 wrote: post #7

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.

>UChicago guarantees free tuition for families with incomes under $125,000 per year (with typical assets).

Seems generous for middle class. (the median US household income is only 61k)

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

#47

Post by rayiner » Mon, Nov 04, 2019, 4:41 PM UTC

bluetidepro wrote: post #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 b…

As a Northwestern grad--this is hilarious.

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

#48

Post by bluetidepro » Mon, Nov 04, 2019, 4:41 PM UTC

iskander wrote: post #39

bluetidepro wrote: post #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 b…

I grew up on the North side of Chicago and also didn't feel like UChicago had a very large presence. Now that I work in the research world (both in CS and biomedicine), it's very obviously the dominant institution in Chicago. Northwestern comes in at a distant second and UIC isn't really in the race. I'm not sure about their undergrad education but if a student wants to have access to teachers who are also leading vo…

Yeah, that makes sense. I think it's a mix of not being in that field, and probably just cause UIC/Northwestern/Columbia all have a campus/extensions here downtown (I see them every day on my way to work), I think of them more.

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

#49

Post by Consultant32452 » Mon, Nov 04, 2019, 4:41 PM UTC

chrischattin wrote: post #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…

I'd go one step further. Make the universities guarantee the loans. If a student earns a degree and isn't able to earn a living sufficient to pay back the loans then the University has failed.

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

#50

Post by Scoundreller » Mon, Nov 04, 2019, 4:41 PM UTC

nixass wrote: post #21

On the other hand, TUM (technical university in Munich) costs only 220 euro per semester, and you're still enrolled into top25 university in the world. The land of free..

How am I supposed to buy my way in there if I have to compete with the entirety of society for admissions??!!