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

hechingerreport.org

441–450 of 563 posts

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

#441

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…

You may want to look into the difference between liberalism and leftism.

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

#442
post #438

Earlier quoted context omitted.

No, you guys need to quit the platitudes. You need to do something about your “fixed” meritocratic society where your future is largely determined by your parents’ wealth. You need tax reform, healthcare, cheaper education. I had a discussion with an American friend recently, he offered that the American society has produced marvels such as Google and Facebook and Tesla and countless others, fair point. Can you imagi…

Non American here. They seem to be the greatest country on earth. They have a big problem with the gap between the rich and the poor but have huge upward mobility. The education system is too expensive and a bit of a scam but does that cause the problems people think it does. Can you make it in the US without a degree?

Social mobility in the USA is actually much lower than in other developed countries.

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

#443
post #436

Earlier quoted context omitted.

Why do you care what the narrative is? If you produce something of value the market will reward you.

Because I'm the next person about to decided where to go/what to do. The narrative informs my choice. If the narrative is false then the market is basing decisions on incorrect information producing unrelated results but will never be aware to self-correct.

This thread is working off the assertion that our top universities are overrated.

What you're talking about is just introduction to the concept of pricing. Each person has to determine for themselves what it's worth. It will be worth more to some than to others. Everything of economic value gets priced, even if it's socialized.

You can't escape the market. If you think you can get a better value at a cheaper school, or in a different country with socialized schools, go there. Some will let you attend their universities for free even if you're not a citizen. Meanwhile people from all over the world will continue to scramble to get into our top universities. Maybe you know something they don't.

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

#444

Earlier quoted context omitted.

No, you guys need to quit the platitudes. You need to do something about your “fixed” meritocratic society where your future is largely determined by your parents’ wealth. You need tax reform, healthcare, cheaper education. I had a discussion with an American friend recently, he offered that the American society has produced marvels such as Google and Facebook and Tesla and countless others, fair point. Can you imagi…

Americais and always has been fantastic place if you're part of the upper 20% and dog shit for everyone else. We just have great propaganda.

I totally disagree. I was raised in a family of 8 kids, we didn't have any money. All my siblings and friends have had a good shot at the American dream, most of us have done quite well.

I've also lived in several different states. Haven't seen anything even close to 80% dog crap. Not even close.

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

#445

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…

Good luck with that. You just made college out of reach for everyone that isn't already wealthy, exacerbating inequality and further entrenching class boundaries. To be clear, I agree with you, rip out the loan guarantees and let the private market deal. But progressives would never allow this.

You can get a very good education at a pubic university, for example in California's State University system, for about $6,000 a year. It wouldn't put college out of reach, it would put going to an expensive liberal arts school out of reach. I think that's OK.

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

#446

Earlier quoted context omitted.

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…

I worked for five years at a private university a few years ago, and my experience is similar, although to add a little: It never felt like a plan or conspiracy to make administration costs bigger. It's just very easy to do when you have more money coming in, year after year. In another economic environment, you'd get a "hard no" because the money isn't there. But when there is, expenditures become just another barga…

I work in academic IT. My job is mission critical to the existence of 3 other project manager jobs. The bureaucracy grows to meet the needs of the growing bureaucracy is not a joke.

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

#447
post #284

Earlier quoted context omitted.

Yes, admin is a problem, but its not just admin. If you are a professor making 150k+, you have to ask yourself how much of your salary is being funded by rampant, unsustainable borrowing. Colleges need dramatic, across the board cost cutting including professors, admins etc. Colleges are in for a world of pain in the next 50 years.

Why shouldn't a professor make 150k? I mean, from a societal point of view.

How much of that is skimming off what the grad students do? ...who get a poverty wage adjunct position

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

#448

Earlier quoted context omitted.

No, you guys need to quit the platitudes. You need to do something about your “fixed” meritocratic society where your future is largely determined by your parents’ wealth. You need tax reform, healthcare, cheaper education. I had a discussion with an American friend recently, he offered that the American society has produced marvels such as Google and Facebook and Tesla and countless others, fair point. Can you imagi…

Americais and always has been fantastic place if you're part of the upper 20% and dog shit for everyone else. We just have great propaganda.

I mean, imagine telling that to people living in poor countries.

Please travel or read about the world to get some perspective.

Seriously, if you were born in a country like the U.S. in modern times, you won the birth lottery.

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

#449

UChicago 2011 graduate here. When I attended, I paid about $20k/year in tuition, given that I had various merit scholarships, worked for the university, and that my siblings also attended school. My parents were in for a RUDE awakening in my fourth year, however, when my brother graduated his undergraduate program...UChicago found out via a survey, that I was now the sole college attendee, and without warning they ja…

UChicago 2011 here as well, except actually class of 2010 because I couldn't afford to keep paying the tuition as my parents were both unemployed due to the financial crisis. I remember the financial aid office saying they could use the last two or three years of prior income rather than consider unemployment as a current and urgent condition. They literally said something along the lines of, "Your parents are smart, they will find a job soon, statistically speaking." They also capped my work at 20 hours a week as an employee of the University, which made it really fun for various departments to pay me via bonuses instead.

I feel you, and had a very similar experience academically and socially. It's not easy to get by minimal GPA filters when math professors declared that a C would be a great grade worthy of a good recommendation to a PhD in math. There's no easy way to tell that to an HR screener! I also found to great sadness by the end of my first year that I had more online friends than classmate friends. Looking back, it seems this was the time when the university just started to realize that it needed to prepare students for practical work. And that sort of experience can be gained at a lot of different universities.

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

#450

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…

> One thing I find crazy is the very same institutions that are generally very left leaning

Why? Being Left leaning is easiest when it's not your money. Yes! Raise our tuition! More levies! Mommy and daddy will pick up the tab. If not the government-backed loans will take care of it and I just won't pay for it. After all, those capitalist boomer tax payers should subsidize my virtuous leftist existence.

It's just like left leaning policies everywhere in the world.

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