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Colleges at the breaking point, forcing ‘hard choices’ about education

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Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#31
post #13
post #9

Earlier quoted context omitted.

Gotta pay for those basketball and football programs somehow. (Yes, SOME athletics programs are net positive - most are not)

I didn't realize that. Do you have a source for this, please?

This article is a few years old, but I don't think the situation has changed radically.

http://www.ncaa.org/about/resources/media-center/news/athlet...

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#32
post #9

Earlier quoted context omitted.

I’m still waiting for someone to explain to me how 15K+ in tuition a year is acceptable. No sympathy here for the college industry.

Gotta pay for those basketball and football programs somehow. (Yes, SOME athletics programs are net positive - most are not)

Big sports inside universities are usually structured as a separate corporation for maximum tax effect.

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#33
post #4

Earlier quoted context omitted.

Agreed, sadly the demand is still there. It's so easy to get huge loans and as a result, there is no downward pressure on price. My tiny college had 5 full-time staff for "residence life", plus a dean of that department. Totally unnecessary.

The problem is the loans. I have a funny feeling if loans were capped at say, 10k/year, colleges might all the sudden charge 11k/year to attend instead of 30k...

One of the oddities in the college process is how public universities followed the price increases of their private counterparts. Why weren't state governments able to dictate effective cost controls to keep costs down for residents?

Note that I'm aware of in-state tuition. The main campus of my state university charges 30k/year instate, and 40k/year out of state. Neither number is appropriate in a state with a median household income of 75k, and a median home price of 450k.

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#34
post #2

I wish I could be more sympathetic to the college industrial complex, but they've been treat us poorly for years. Yes, I know it's our fault for demanding gold plated educational experiences and then going into crazy debt to finance it. But who wants to blame himself/herself? The job can be done better for much less. Indeed, it used to be much cheaper in the past when the dorms weren't so fancy and there were a bazil…

>> The adjunct professors get paid next to nothing. Let's give them a slight raise, fire 90% of the deans This is where the education industry can learn from the law schools. They are certainly ivory towers, but part of that tradition is that law school deans still ussually teach. My first year contracts prof was also the school dean. Law school deans remain largely 'first among many' rather than a separate professio…

Law schools are the worst offenders in the education industry. Only a small percentage of law students end up at big law where the salaries can support the debt load, but almost everyone leaves law school with a mountain of debt.

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#35
post #25

I think it's time to decouple education from all of the other things tied to colleges. When I studied abroad in Australia, things like the gym or meal plans were available, but not "bundled in" to your tuition. The idea of tying competitive sports teams to a university would be laughable. We need to remove all of the "excess" stuff from higher education and get back to the core of education and research. Sure, things…

No, especially not football. At my college the football team is essentially a separate corporation. The college gets nothing from the arrangement. In fact they have to rent parking from the football folk.

Fat deal were made to coaches over the years, until its all pork-barrel dealing and nothing left for the school. The students can't even go to games, the ticket prices are a semester's tuition.

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#36
post #10

My kid will be making his college choice in the coming year. As such, he's getting mail from colleges pretty much every day. The mailer from Vanderbilt really struck me as to the wrongheaded thinking of university leaders. On one side was this amazing blurb: "Vanderbilt financial aid packages DO NOT INCLUDE LOANS. IT'S FREE MONEY....65% of Vanderbilt students received some type of FINANCIAL ASSISTANCE" Tell me why co…

"free money" just screams inflated valuation. it's like credit card companies giving "cash back" so they can take larger fees for themselves. the fees more than cover their costs, so they funnel some of the largess back to the consumer to make sure the gravy train keeps going.

i'd be for having every student leave college with some debt, maybe on a scale of $1K for open-to-all colleges and $10K for the most competitive ones. enough to feel the value proposition, but not enough to laden the futures of those recent graduates.

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#37
post #33

Earlier quoted context omitted.

The problem is the loans. I have a funny feeling if loans were capped at say, 10k/year, colleges might all the sudden charge 11k/year to attend instead of 30k...

One of the oddities in the college process is how public universities followed the price increases of their private counterparts. Why weren't state governments able to dictate effective cost controls to keep costs down for residents? Note that I'm aware of in-state tuition. The main campus of my state university charges 30k/year instate, and 40k/year out of state. Neither number is appropriate in a state with a media…

Because many (most?) states have been cutting state funding for public universities for years, IIRC. (See, for example, https://www.pbs.org/newshour/education/most-americans-dont-r...). It wouldn't have been sensible to impose price caps while cutting funding at the same time.

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#38
post #25

I think it's time to decouple education from all of the other things tied to colleges. When I studied abroad in Australia, things like the gym or meal plans were available, but not "bundled in" to your tuition. The idea of tying competitive sports teams to a university would be laughable. We need to remove all of the "excess" stuff from higher education and get back to the core of education and research. Sure, things…

This is not realistic, sadly. American universities are businesses, they have been turned into money-making enterprises, education is a concern but not really a primary one.

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#39

I was often told stories from the Boomer generation of people "working their way through college", holding part time jobs through college to pay for both living expenses and tuition. That is, quite literally, impossible today.

Even GenX attending certain state schools could partially pay for school this way, especially if you had low/free rent, for example living at home.

Re: Colleges at the breaking point, forcing ‘hard choices’ about education

#40
Once the role of professional college administrator became a thing, then they took over. They're paid more than the faculty now. And they run it like a body shop. To pay for their hyperinflated salaries and padded staff.

I wish I were being pessimistic about this.

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