Earlier quoted context omitted.
Is this meant as parody? I can't tell sometimes.
Why it would be parody? It is a reality. I can provide quotes from university officials.
it depresses me that you are being serious.
High tuition costs mostly stem from the Omnibus Budget Reconciliation Act 1993
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Re: High tuition costs mostly stem from the Omnibus Budget Reconciliation Act 1993
#42While you can technically discharge student loans through bankruptcy, the bar is much higher than traditional debts. I wonder what the consequences would be if that bar was lowered?
Re: High tuition costs mostly stem from the Omnibus Budget Reconciliation Act 1993
#43I'm dubious honestly. For one, the separation of college costs from inflation started before 1993 and that's even called out in Bennet's op-ed from 1987. Secondly, the number of students enrolled has increased dramatically while the number of new colleges has not. Acceptance rates at elite schools have dropped precipitously in the face of increase demand. Same as skyrocketing housing costs, you can certainly see how certain policies have had an impact, but the overwhelming force is simple supply and demand. If we accredit 1000 more colleges next year, I guarantee that tuition will drop.
Re: High tuition costs mostly stem from the Omnibus Budget Reconciliation Act 1993
#44This article goes far but leaves out the logical conclusion: the federal government should drastically cut on all student loans.
And taper the Pell grant.
The more free money, the less the money is worth.
Re: High tuition costs mostly stem from the Omnibus Budget Reconciliation Act 1993
#45Might be an unpopular opinion... but this is exactly why we shouldn't do student loan debt forgiveness. The root core of the issue wouldn't at all be addressed and it would actually be a signal to universities and students alike, that Universities can charge more, and students can continue to take out larger loans because... they might be forgiven at some future point in time.
I'd like to see student loan debt forgiven along with implementing a plan to address the cause of this ballooning debt. Unfortunately, this is the United States, and federal legislation on just about anything is currently impossible if there is any opportunity at all to turn it into a divisive issue. Even if the democrats managed to build a majority that would allow them to pass whatever they wanted, tackling a problem like this in a forward-looking way seems beyond them.
Re: High tuition costs mostly stem from the Omnibus Budget Reconciliation Act 1993
#46Earlier quoted context omitted.
few people want to go there because the bit of paper you get at the end is the value and those a worth less than the bits of paper you get from other universities.
There's also a stigma against this path. I went to a community college for two years (it was free), and then transferred the University of Florida to finish my degree (a fine public R1 university by any standard), paying exactly $0 for my degree. I know people who followed that same path and went on to top tier law schools, medical schools, bulge bracket investment banking, etc. Now I can look back and be grateful th…
I did exactly that with the SUNY system. I could have probably gone to some "prestigious" place if I applied myself more, but I hated extracurriculars and all the other tertiary nonsense the applications seemed to expect of me. It should be about your educational and relevant (e.g. self taught programming demonstrated with projects) achievement, nothing else, IMO.
SUNY system worked out for me and I'm not embarrassed of it. They almost screwed up my graduation with a one credit discrepency in the requirements with the transfer. You have to be careful and do their job for them checking up on that, I've learned.
Re: High tuition costs mostly stem from the Omnibus Budget Reconciliation Act 1993
#47State funding per student has steadily declined since 1987. Tuition rates have risen in response. I don’t claim all of the tuition increases have come from the decline in funding but the decline in public funding contributes to the increase. Public colleges are more and more being run like businesses. According to this research, public funding for higher education has declined in response to increased welfare and Med…
"State funding for higher education has declined by roughly a quarter, to $7,152 per student enrolled in a public two- or four-year school in 2015, down from $9,489 per student in 1987."
The article is not in disagreement with the thought that Free Federal Money displaces other sources.
Also, the article does not show why tuition has risen 1200% instead of 30%.
Re: High tuition costs mostly stem from the Omnibus Budget Reconciliation Act 1993
#48Might be an unpopular opinion... but this is exactly why we shouldn't do student loan debt forgiveness. The root core of the issue wouldn't at all be addressed and it would actually be a signal to universities and students alike, that Universities can charge more, and students can continue to take out larger loans because... they might be forgiven at some future point in time.
I reluctantly agree--unless the forgiveness is coupled with new laws and regulations that substantially reform the system (perhaps by eliminating the federally subsidized student loan system altogether, and restoring the more generous grant system of yore).
If we do nothing to change the system, what are new college applicants going to think? Either they'll have to pay back their loans and, compared to those who wend before, get totally screwed. Or borrow with the belief that the debt will eventually be forgiven. Neither are good.
And, FWIW, I have a boat load of student-loan debt that I would absolutely love to have forgiven. But it's a bad idea unless the White House and congress are able to address the root of the problem.
Re: High tuition costs mostly stem from the Omnibus Budget Reconciliation Act 1993
#49Michigan cut basically all remaining funding for higher education while I was in college. I saw double-digit percent increases every year. A few years ago I went back to look, assuming sky-high tuition rates, but they ended up only being a little bit higher than when I went. So why did tuition get high? The state stopped subsidizing it directly.
Given that degree holders go on to make wages much higher than those without, is it really fair that those without subsidize the education expenses of people who will go on to out earn them? Especially given how vanishingly little of it goes to actual education and instead administration and sporting programs.
If degree holders go on to make wages much higher than those without and many taxes are progressive, a subsidy on degrees will be paid for substantially by those with degrees (who may have had their degrees subsidized), and degree subsidization may have positive ROI for the government in terms of future tax revenue from those who got degrees.
If you're worried about administrative and sporting expenses, you could choose to subsidize only instructional expenses; primarily being instructor salaries, classroom buildings and equipment.
Re: High tuition costs mostly stem from the Omnibus Budget Reconciliation Act 1993
#50Earlier quoted context omitted.
It’s a societal good as a whole, so yes, societies should invest in them. Example: not everyone becomes a doctor. But society needs doctors. Having affordable pre-med college programs benefits everyone, even though only doctors directly make income from the program.
How about in exchange we cap their rate of pay so that society as a whole can benefit from their affordable services?
I’d rather lower the barrier of entry than punish the doctors. If it was easier to become a medical professional, doctors wouldn’t need to be paid so highly. We’re actually seeing a trend now of more people going into PA school which could help.