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

hechingerreport.org

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

#51

Post by Vaslo »

bluedevil2k wrote: post #43
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.

What a great idea!

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

#52

Post by ChaosDegenerate »

Graduating in Europe with Master's that cost me nothing, I always feel so bad thinking about the debt my coworkers who studied in the US have to repay.

It's just so wrong and stupid. On top of that I can always go back "home" to get free healthcare too.

US is (at times) so much better when you are an immigrant.

And then so many (who actually have student loans to repay and expensive healthcare to pay for) feel sorry for me because of discrimination (perceived only by them!)

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

#53

Post by ptconroy »

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…

Option 3: Make the schools co-obligors on the debt. In a default, the school pays. I suggested that to a congressman once; he nearly spit out his drink.

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

#55

Post by slg »

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…

This is fundamentally incompatible with the idea that everyone should be able to afford to go to college and private institutions need to foot the bill for the costs. We as a society prioritized availability of college education over costs. In order to get both you would likely have to change to some income percentage based repayment system instead of traditional loan repayments and that probably wouldn't be possible unless the government is heavily involved.

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

#56

Post by barneygumble742 »

quaquaqua1 wrote: post #25
mac01021 wrote: post #3

Earlier quoted context omitted.

Surely UofChicago did not cost so little 10 years ago? A factor of 4 in ten years does not seem realistic.

I attended the University of North Carolina at Chapel Hill, which had a "total cost of attendance" for out of state students at $40,000 in 2010. For in state students it was only $15,000 per year. I came from a "middle class" family and received "grants" from the school, such that my cost of attendance per year averaged to $25,000. Ever since I graduated, not a single person has ever asked me anything regarding my ed…

Same here. I paid roughly $5k/year for undergrad and about $10k/year for grad. After graduation, only reason people ask me where I went to school was to see where it ranked in college sports. Since my school barely registered, it's easily dismissed. Even better for me since I don't follow sports.

What I did find more interesting is that it all depends on your work ethic and how you carry yourself at the workplace. My lack of interest in sports has hindered me at work slightly because I'm not part of certain groups at work. I've come to find out that they all participate in fantasy sports and meet on Saturdays to talk sports and a little bit of work gets involved. Usually I wouldn't care but some important work-related decisions have come out of that.

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

#57

Post by freeAgent »

1-more wrote: post #19
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…

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

It depends on what area of the University of Chicago you're talking about.

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

#58

Post by ttcbj »

For those interested in background on this, Paul Tough's 'The Years that Matter Most'[1] has a lot of really interesting, surprising facts about college admissions.

Many of the ideas touched on in the comments here so far are covered in much more detail in that book. One interesting fact is that although there is a lot of publicity from colleges about reaching out to lower income students, there are massive incentives (often necessities) for admissions offices to take less qualified kids who can pay full price.

Overall, I found the book a nuanced and surprising view of the realities of trying to manage college admissions, and of trying to deal with inequality in access to higher education.

[1] https://www.amazon.com/Years-That-Matter-Most-College/dp/054...

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

#59

Post by adatavizguy »

quaquaqua1 wrote: post #25
mac01021 wrote: post #3

Earlier quoted context omitted.

Surely UofChicago did not cost so little 10 years ago? A factor of 4 in ten years does not seem realistic.

I attended the University of North Carolina at Chapel Hill, which had a "total cost of attendance" for out of state students at $40,000 in 2010. For in state students it was only $15,000 per year. I came from a "middle class" family and received "grants" from the school, such that my cost of attendance per year averaged to $25,000. Ever since I graduated, not a single person has ever asked me anything regarding my ed…

I earn six figures specializing in Javascript and data visualizations with d3.js -- no college education at all. It's my third career. The formula is quite simple, learn a skill that is in demand and demonstrate I can do that skill.

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

#60

Post by mdasen »

1-more wrote: post #19
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…

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

I think most people would say you're correct about the Econ department, but that isn't the whole university. Plus, it's not like U Chicago is that far off from other universities when it comes to tuition and fees. They cost $58k, but Columbia University is already above $59k, Dartmouth is $55k, Penn is $56k, Duke is $56k, Brown is $55k, Tufts is $56k,

There are plenty of liberal schools whose sticker price is going sky high.

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