551–560 of 588 posts
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Sounds like WPI. I wouldn't want to attend at current tuition rates.
Good guess! One has to look at the actual cost of anywhere you go, which will take into account any financial aid. Regardless, that does become part of figuring out if you're getting your money's worth out of your education.
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> Research is part of the pedagogy. Getting involved in a research lab as an undergraduate is a great way to land in the top 5-10 percentile. I just want to point out for any newer undergrads that might be reading that research is really one of the best things you can do during your time at school. Even if you don't plan on going into academia, it looks great on a resume and professors are often have industry connect…
A few caveats to be aware of: more scrutinizing employers will recognize that undergraduate research at the same university you attend is usually a gimme. And at my large state school was often used for cheap labor that grad students didn't want to do.
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Let's take it one step at a time. Lending with interest is taking advantage of the needy, it's predatory and immoral, that I think we can all agree on. If we ban lending with interest, then you're right, there is no financial benefit to be made. So the lender would be lending out of good will. However, the seller might also be willing to let go of his product on installments (without raising the price, that's also us…
> Lending with interest is taking advantage of the needy, it's predatory and immoral, that I think we can all agree on. Many loans have nothing to do with the needy. If I borrow $1M to buy pile driving equipment to start a pile driving business, and pay the loan back with the proceeds of my business, nothing predatory or immoral has happened. Similarly, I borrowed money from the bank to buy my current house. I am rel…
I understand, it's not just the needy. Easy credit also facilitates more corruption and inflation.
> the dealer is going to need to charge a higher price
Not if no one is buying at that higher price.
> The amount you end up paying in total for the car is approximately the same under an installment approach than under a loan-with-interest approach.
The difference is now the same item (car) is being sold at two different prices depending on whether or not you can (or are willing to) pay up front. This is substantive difference.
> This is what most startups do, yes
Exactly, and this model should be extended to other facets of financing, it's only fair for both the investor and the "borrower". It will lead to a much more fair society, and will play a huge role in closing the wealth gap.
I've got some news for the author of this article. University cost inflation started well before 1993. The chart here ( https://www.edvisors.com/plan-for-college/saving-for-college... ) shows that the divergence in university cost inflation and the greater economy's inflation started in the early 1980s. I know that my university education went up 4x in the 5 years (yes, 400% in 5 years, which equates to 32% CAGR) tha…
* Student loans detaching cost from time of service, similar to insurance and medicine
* Diminishing support for public colleges. In California UC and CSU schools were essentially free to Cal redidents until mid 60s.
* Metastatic administrations, partly for compliance and partly because the money is there. It sure isn't going to faculty.
I've got some news for the author of this article. University cost inflation started well before 1993. The chart here ( https://www.edvisors.com/plan-for-college/saving-for-college... ) shows that the divergence in university cost inflation and the greater economy's inflation started in the early 1980s. I know that my university education went up 4x in the 5 years (yes, 400% in 5 years, which equates to 32% CAGR) tha…
A number of things have lead to this. * Student loans detaching cost from time of service, similar to insurance and medicine * Diminishing support for public colleges. In California UC and CSU schools were essentially free to Cal redidents until mid 60s. * Metastatic administrations, partly for compliance and partly because the money is there. It sure isn't going to faculty.
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IMHO, because what colleges are selling is effectively a positional good[1], one valued specifically for how it ranks against other similar goods. They're selling the certification that "this person is in the n% percentile of employability". And you generally can't just make more of a positional good. That's like, "why can't Louis Vuitton ramp up production so that everyone can have a LV handbag?" [1] https://en.wiki…
People say that, but it's not really true. Tuitions are lower-tier schools are also extremely high; the tuition break doesn't happen until you get out of accredited 4-year universities and into community colleges.
People transfer to 4 year colleges with AA degrees all the time, even to high prestige colleges.
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I made the mistake of commuting from home my first year in university (UW, i graduated high school in the area), it is really not that great to “commute” and pure commuter schools (where most students commute to from home) offer a different experience from other universities. One point of university is to make it on your own. If your daddy is rich, this is in the dorms, if not, you rent a basement room nearby and bik…
I went to SUNY Buffalo and while it isn't purely commuter, there was a significant commuter population. I lived with my parents nearby and had an 8-9 minute commute. If I had an 8am lecture (before the majority of commuters were there for the day), I could typically leave the house at 7:49am and still usually get to my seat as the professor began the lecture around 8:01am.
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But wouldn't the perception of the employers change over time if they discovered that the people with degrees from that online university were actually well educated? Obviously, if the material and teaching sucked, or if cheating was rampant, that would tarnish the reputation, but the same could be said of virtually any educational institution.
Of course, if they ever had a reason to change. But they don't, because they don't really have a problem with supply of candidates. They have issues with selecting for quality, but adding tons of candidates with online degrees doesn't help them. There are potential ways of addressing this, but they mainly involve the online university developing selection criteria just like elite colleges (e.g. everyone can access ba…
"The question then becomes a matter of how we fix this without diminishing access to a college education." This is the crux of it that everyone needs to get over. Universality, High Quality, Low Cost. Pick two. By letting the government meddle you have guaranteed no one can afford college and will be long in debt to a loan they cannot discharge in bankruptcy. I'd rather have cheap college then universal access for ev…
Aren't universality and low cost mostly the same thing? The lower the cost the more people can afford it, if the cost is low enough that is capitalism version of universal. (That's probably why many other commenters claimed their country has all three)
What do you really mean when you say "low cost", to which % of the population do you expect it to be "low"?