For universities to fully crumble and education to become significantly cheaper, in addition to all the advancements that have occurred in last decade, I believe we need a credible way to certify students online. Imagine if someone sitting in Tibet or slums of Bombay could prove to Googles of the world that he/she (and not some hired help) successfully completed a highly ranked test online, it could be transformative. If online testing could vouch for a person in the same way that universities do, it could open the doors to world-class opportunities for the entire world, cheaply.
Colleges are reopening in fall, but many professors won’t be present
41–50 of 151 posts
Re: Colleges are reopening in fall, but many professors won’t be present
#42Earlier quoted context omitted.
Typically, in the Ivy League / Stanford, a one-child family with annual income of over $150k to $200k (depending on the school) will pay full tuition. Really. And incomes of less than $65k-ish get you a free ride. Details vary.
This happened with my family. It was especially bad because earning $150k total for a household near an expensive urban area leads to purchasing power basically the same as a family with $65k household income in suburbia or small towns. Without adjusting parents income for cost of living (factors the kids in question have no control over), it’s totally unfair. This has a lot to do with “last place aversion” - the peo…
Maybe go to a cheaper school?
Re: Colleges are reopening in fall, but many professors won’t be present
#43Online classes simply don't have the value that in person classes have. Extend that to degrees and that's the stigma you have to deal with when trying to get a job. Telling an employer you got your degree remotely V the in class person, who are you gonna hire?
If you tell someone you got the online masters from Georgia Tech, no one would look down on it. I can’t speak for other online masters.
Re: Colleges are reopening in fall, but many professors won’t be present
#44Earlier quoted context omitted.
My whole country pays 0 while the price if you repeat a year is 1200€
Those universities need a lot of money: professors don't work for free and buildings don't maintain themselves. You can be sure that you'll be paying for your college education out of your taxes for the rest of your working life. It would be interesting to analyze what free colleges cost the average taxpayer, and to compare that with what non-free colleges cost in the U.S. Do countries that offer free college educati…
But an educated population is a net benefit for a society so you’d have to factor the societal benefits as well.
In the US the professors appear to often work a lot closer to free than the administrators do anyway.
Re: Colleges are reopening in fall, but many professors won’t be present
#45Re: Colleges are reopening in fall, but many professors won’t be present
#46Online classes simply don't have the value that in person classes have. Extend that to degrees and that's the stigma you have to deal with when trying to get a job. Telling an employer you got your degree remotely V the in class person, who are you gonna hire?
I’ve been in a position that was involved in hiring.
I’d count an open university degree as equal or better than most universities.
Anyone who can work full time, study for a degree and often manage family life is worth a good look all other things been equal.
Re: Colleges are reopening in fall, but many professors won’t be present
#47Re: Colleges are reopening in fall, but many professors won’t be present
#48Online classes simply don't have the value that in person classes have. Extend that to degrees and that's the stigma you have to deal with when trying to get a job. Telling an employer you got your degree remotely V the in class person, who are you gonna hire?
> Online classes simply don't have the value that in person classes have.
I think one question worth asking is what would happen if we blended both? Would it be possible to have a community college charge community college prices but work off of other peoples' excellent material? Imagine a CS 101 course where the lectures, problem sets, and tests were from MIT's Open Courseware, TAs were on site to hold sessions and help you, and a domain expert or professor was providing supplementary material and answering questions during recorded lectures. Sure it wouldn't be a stand in for MIT for many reasons, but it would probably give you a better education than most schools for a fraction of typical mid tier school pricing.
Re: Colleges are reopening in fall, but many professors won’t be present
#49Earlier quoted context omitted.
Obviously I believe you if you're saying that, but I've heard that nobody really pays these full sticker-prices and everyone's really getting some kind of aid unless they're literally a billionaire - is that not the case?
It's not the case. It would be true to say that no one pays full price unless they have a lot of money. Harvard, not unrepresentative of other top U.S. schools in this regard, says that 55% of their students receive financial aid [1]. I infer that 45% are paying the full price of around $80,000 per year [2]. (Some of these 45% are doubtless funded partly by non-Harvard scholarships.) Playing with Harvard's "Net Price…
> non-millionaires, let alone non-billionaires, may be asked to pay full price.
People with under $1 million in net worth are very unlikely to pay full price at the wealthiest US colleges. Unless they have huge income but no savings. By “millionaire” do you mean people who earn a million dollars of income per year?
To take the Harvard example you linked to, a family with $500,000 in assets (not including equity in their primary home; for many families home equity is a majority of their net worth) and $120,000/year income will get about 2/3 of college costs paid by financial aid.
A family with $1 million in non-primary-home-equity assets and a $150,000/year income will still get 1/4 of college costs from financial aid.
Re: Colleges are reopening in fall, but many professors won’t be present
#50I’m an adjunct prof at a middle tier college. We have a couple classes planned to be in person for fall. I highly doubt it. Plus a majority of the student body is foreign and can’t even travel to the USA. Essentially I’m sayin RIP to middle of the road universities. Guess I need to start looking for another side hustle.