But why? Why does it cost as much as a full time teacher to get extremely part time access to university faculty?
This stinks.
U of Chicago projected to be the first U.S. university to cost $100k per year
111–120 of 563 posts
Re: U of Chicago projected to be the first U.S. university to cost $100k per year
#112Earlier quoted context omitted.
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.
Everyone passes all of their classes?
Easy classes and grading aren't going to help people not default.
The school can really only improve the education they provide or make their admissions more stringent. If they are going to do the latter, we might as well go back to direct government support, no need to have a loans process and all that noise.
Re: U of Chicago projected to be the first U.S. university to cost $100k per year
#113On 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..
That's impressive. As someone who works in Robotics, I rate them very highly. Does it cost the same for international students?
Re: U of Chicago projected to be the first U.S. university to cost $100k per year
#114Earlier quoted context omitted.
"2.7 GPA moron getting a worthless basket weaving degree" You sound like a STEM-lord, anti-intellectual dork.
I don't like that line, either, but it's not an excuse to get personal and nasty.
It's a nasty line.
Really, I think this site underestimates the value of "Go fuck yourself" when someone says stuff like that. Being polite isn't going to help them pull their head out of their ass.
Re: U of Chicago projected to be the first U.S. university to cost $100k per year
#115How 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 totally agree but unfortunately a lot of people can take the same situation and twist it up to fit their own views.
Where I live we just passed a minimum wage increase. A fairly substantial one that keeps up with the rest of the country by increasing every year until we hit 15 an hour in a few years. It's been a couple of years into it and someone asked why local restaurants are ending services, closing some locations, increasing prices, shrinking their menus, and basically cutting costs. I saw a lot of answers that boiled down to "greed" and my favorite was "labor costs are increasing" because of "late stage capitalism".
I wouldn't be surprised if a lot of answers you see in the wild involves doing exactly what we've been doing but on a larger scale.
Re: U of Chicago projected to be the first U.S. university to cost $100k per year
#116As a US citizen, I see the US debt bomb ending it two different ways 1. Sanders/Warren get elected and somehow forgive 1.5 trillion in student loans and make education free going forward. 2. 2008 level crisis with (2) is the more probable I think universities tuition is way too expensive in our country, but I'm against (1) currently because I don't think retroactively forgiving debt is a good policy. The students too…
Student debt isn't likely to cause a 2008 crisis since the vast majority of it is held by (or backed by) the government.
Re: U of Chicago projected to be the first U.S. university to cost $100k per year
#117One 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…
It's pretty clear how these schools operate. They charge high tuition for people with a lot of money and cover the costs for people that can't afford it. >With over $159 million in financial aid distributed this year, UChicago is committed to ensuring that its students graduate debt-free and prepared for lifelong success, no matter their chosen major or background prior to enrolling in The College. UChicago is a need…
Financial aid is code for student loans. If they meant a scholarship they would have said so.
Re: U of Chicago projected to be the first U.S. university to cost $100k per year
#118Earlier quoted context omitted.
The very first step should be to make student loans dischargeable in bankruptcy again.
This would be a mistake I think. The nature of a loan is that the lender can reclaim the asset when a default occurs. This works well for assets like cars and houses but obviously fails for knowledge. Combine that with the age and overall assets of graduates (22 and near-zero) and a bankruptcy becomes a less risky proposition to the student. As more and more default on the loans, interest rates will start to skyrocke…
And then universities will stop assuming their students will be able to get them to afford insane tuition prices. That’s the point.
Re: U of Chicago projected to be the first U.S. university to cost $100k per year
#119Earlier quoted context omitted.
How am I supposed to buy my way in there if I have to compete with the entirety of society for admissions??!!
Be good student perhaps? You'd rather have a bunch of money loaded people than people who earned their spot?
It’s a joke, but there’s no doubt people that have benefitted from the barrier to entry being cost.
Re: U of Chicago projected to be the first U.S. university to cost $100k per year
#120Earlier quoted context omitted.
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 i…
According to US News, University of Chicago is "Unranked in Best Engineering Schools". https://www.usnews.com/best-graduate-schools/top-engineering... The high school student needs to ask the question, "where is the best place to get a undergraduate degree in a specific field"? Generic rankings, especially ones that are heavily influenced by the university's research record, are pretty useless for undergraduate educa…
The University of Chicago doesn't have an engineering school, per say.
They recently started a "School of Molecular Engineering" with a large donation from the governor of Illinois. But that is certainly not a general engineering school and isn't going to be, so it will never show up in these kind of ratings.
> Our program was established as the Institute for Molecular Engineering in 2011 by the University in partnership with Argonne National Laboratory. In 2019, in recognition of our success, impact and expansion, and the support of the Pritzker Foundation, the institute was elevated to the Pritzker School of Molecular Engineering—the first school in the nation dedicated to this emerging field.
> At PME, our educational outreach initiatives begin with K-12 students. We offer youth-focused events, internships, and workshops throughout the year, from teaching molecular engineering fundamentals to extracting DNA from bananas. We also have a partnership with City Colleges of Chicago. The multi-year program connects city college students interested in STEM fields with our faculty and labs, with the goal of helping more students transfer into four-year STEM degree programs.