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Undergraduates with family income below $200k will be tuition-free at MIT

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Re: Undergraduates with family income below $200k will be tuition-free at MIT

#51
post #48

Earlier quoted context omitted.

UPenn is a land-grant institution, they are not "just a business" they were given land and money specifically to serve the public good. They're why we have engineering degrees, the government specifically wanted institutions that taught practical marketable skills and to do research in those fields.

> They were given land and money specifically to serve the public good. Their duty is to deliver education. It's not solving political problems meant for elected officials (and the population at large).

If their duty is to deliver education, why are they sitting on a $20B hoard?

Presumably they could spend a little bit of that to deliver some more education, couldn’t they?

Re: Undergraduates with family income below $200k will be tuition-free at MIT

#52
post #51

Earlier quoted context omitted.

> They were given land and money specifically to serve the public good. Their duty is to deliver education. It's not solving political problems meant for elected officials (and the population at large).

If their duty is to deliver education, why are they sitting on a $20B hoard? Presumably they could spend a little bit of that to deliver some more education, couldn’t they?

there are many, many people who are paid a lot of money to pretend to believe that the universities should actually be spending less and keeping more for their endowments because that strategy would enable the biggest impact at some indeterminate point in the future

Re: Undergraduates with family income below $200k will be tuition-free at MIT

#53
post #38

Awesome. Now let’s lower the bar further and do it everywhere. And then let’s keep doing more until students can pay their tuition with a summer job, like they could when our elders went to school. I’ll hold off on asking for higher education to be free, as the culture still pushes back on that. But a return to the former model would be most welcome.

I'd like to see a future where a student can have free tuition but (with exception) is required do meaningful civic service work that benefits the community and country that is paying for tuition, ultimately graduating with zero debt if requirements are met. Maintaining national parks? Helping support inner city? Tutoring and improving public education? Imagine having the majority of American college students contrib…

Doesn't the federal government already do this? Work for them 10 years and student debt is cancelled?

Re: Undergraduates with family income below $200k will be tuition-free at MIT

#54
post #38

Awesome. Now let’s lower the bar further and do it everywhere. And then let’s keep doing more until students can pay their tuition with a summer job, like they could when our elders went to school. I’ll hold off on asking for higher education to be free, as the culture still pushes back on that. But a return to the former model would be most welcome.

I'd like to see a future where a student can have free tuition but (with exception) is required do meaningful civic service work that benefits the community and country that is paying for tuition, ultimately graduating with zero debt if requirements are met. Maintaining national parks? Helping support inner city? Tutoring and improving public education? Imagine having the majority of American college students contrib…

This is basically the point of PSLF[0]. The cost to participants is not $0, but it can ultimately be very low if they only make income adjusted payments during their 10 years of service.

https://studentaid.gov/manage-loans/forgiveness-cancellation...

Re: Undergraduates with family income below $200k will be tuition-free at MIT

#55

This is a great step in the right direction. I can't speak directly for MIT, but there are issues with how these programs don't apply to parents with small family businesses. My parents had a small business, with my father taking home a salary of $XX,XXX. Duke University used the business assets to determine the EFC (expected family contribution) of literally 90% of the salary. Essentially saying to sell off the fami…

Why are such things in the US so complicated? Where I live, studying is much much cheaper for most professions,for everyone! That's the only fair way. Also, a set of well educated people pays itself back later in the form of mostly income and added value taxes, which provides money to keep studying for cheap for the next generation.

Because education is largely an afterthought, and universities primarily compete on entertainment and prestige.

High cost and exclusivity is the entire point.

A university open to all with a fraction of the price would be a poorly ranked one in every competitive measure.

Re: Undergraduates with family income below $200k will be tuition-free at MIT

#56
post #12

Started looking and found out there's some much worse, and far more obvious cases that need to implement these reforms. [1] UPenn is THE most obvious. Sitting on a $20,000,000,000 endowment fund that went up +170% over 10 years while Philadelphia rots with drug use, poverty, and gun violence. BTW, amazing site to be horrified by gun violence (and vaguely fascinated). Look upon the awfulness of Philadelphia. [2] Sitti…

> UPenn is THE most obvious. Sitting on a $20,000,000,000 endowment fund that went up +170% over 10 years while Philadelphia rots with drug use, poverty, and gun violence. Why is it UPENN's responsibility to solve these issues? This is Philadelphia's problem, the university is just a business operating in the city.

>Why is it UPENN's responsibility to solve these issues?

Who's responsibility is it? Have you seen how the government operates? Why wouldn't UPENN want to help solve it?

Re: Undergraduates with family income below $200k will be tuition-free at MIT

#57
post #12

Started looking and found out there's some much worse, and far more obvious cases that need to implement these reforms. [1] UPenn is THE most obvious. Sitting on a $20,000,000,000 endowment fund that went up +170% over 10 years while Philadelphia rots with drug use, poverty, and gun violence. BTW, amazing site to be horrified by gun violence (and vaguely fascinated). Look upon the awfulness of Philadelphia. [2] Sitti…

> UPenn is THE most obvious. Sitting on a $20,000,000,000 endowment fund that went up +170% over 10 years while Philadelphia rots with drug use, poverty, and gun violence. Why is it UPENN's responsibility to solve these issues? This is Philadelphia's problem, the university is just a business operating in the city.

[flagged]

Re: Undergraduates with family income below $200k will be tuition-free at MIT

#58

This is a great step in the right direction. I can't speak directly for MIT, but there are issues with how these programs don't apply to parents with small family businesses. My parents had a small business, with my father taking home a salary of $XX,XXX. Duke University used the business assets to determine the EFC (expected family contribution) of literally 90% of the salary. Essentially saying to sell off the fami…

Why are such things in the US so complicated? Where I live, studying is much much cheaper for most professions,for everyone! That's the only fair way. Also, a set of well educated people pays itself back later in the form of mostly income and added value taxes, which provides money to keep studying for cheap for the next generation.

>Where I live, studying is much much cheaper for most professions,for everyone!

I'll go out on a limb and bet people in your country earn much less than the average American, too. Why? Why don't companies just pay these people more? IT all comes back in income and value added taxes.

Re: Undergraduates with family income below $200k will be tuition-free at MIT

#59
post #36

Earlier quoted context omitted.

> So if a university has money, learning there should be free? Not an unreasonable proposition. The purpose of the university is ostensibly to provide an education, not to continue hoarding more and more money.

> purpose of the university is ostensibly to provide an education One of the purposes. They’re also centres for learning and research and repositories of knowledge.

Also known as education

Re: Undergraduates with family income below $200k will be tuition-free at MIT

#60

Earlier quoted context omitted.

> purpose of the university is ostensibly to provide an education One of the purposes. They’re also centres for learning and research and repositories of knowledge.

Also known as education

> Also known as education

No. There are non-teaching research universities. Many universities have non-teaching faculty. Learning != teaching != education.

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