Students foot the bill for flagship state universities
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Re: Students foot the bill for flagship state universities
#2When you have students taking out Federal loans, the University getting paid with virtually no risk, and they don't if the student can get a job or pay off the loan, they have no incentive to curb spending.
The federal government need to force these universities to take the risk and loan out money directly.
Re: Students foot the bill for flagship state universities
#3Re: Students foot the bill for flagship state universities
#4Overproduction of elites
Re: Students foot the bill for flagship state universities
#5I thought it was common knowledge that it's a racket? You pay exorbitant fees to get a piece of paper with a famous name attached hoping it will get you a job or contacts. They know this so they keep raising prices as long as the money keeps flowing.
Re: Students foot the bill for flagship state universities
#6The catch is that universities must spend on impressive new facilities, buildings, housing, and sports if they want to remain attractive to their customers (students).
Most universities are still competing for students. Many students survey a lot of universities and do campus tours to determine where they want to attend. The short campus tours don't really show them anything about the education they receive, but the state of the facilities and leaves a lasting impression.
Given the choice, undecided students tend to be drawn to universities with the nicest campus, most impressive facilities, best sports arenas, and other expensive things.
Universities know this, so they spend like it's an arms race.
Re: Students foot the bill for flagship state universities
#7The college bubble is popping. Enrollment is down 15% from its 2010 peak. My intuition is that the bigger state schools will be well insulated financially, but smaller independent colleges will have a bloodbath.
Re: Students foot the bill for flagship state universities
#8There's a common belief that education is being underfunded in the United States, that the problem with schools is that they lack the budget to improve their learning outcomes. Statistically speaking, total spending on education had increased year on year, accounting for inflation, per student, since the 1970s. Conversely, test scores have remained relatively stagnant (see https://slatestarcodex.com/2017/02/09/considerations-on-cost... points to the problem lying elsewhere.
Re: Students foot the bill for flagship state universities
#9It’s worth understanding the trade offs countries like France make to offer near free university education: https://voices.uchicago.edu/euchicago/the-problem-with-frenc...
Re: Students foot the bill for flagship state universities
#10Recent and related:
Colleges spend like there’s no tomorrow - https://news.ycombinator.com/item?id=37074472 - Aug 2023 (8 comments)