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The Real Reason College Tuition Costs So Much

nytimes.com

121–130 of 135 posts

Re: The Real Reason College Tuition Costs So Much

#121

Earlier quoted context omitted.

> Are you sure that you'd be able to do that? supervised education helps you to pace yourself, focus on what is important and to keep motivated over the long run. The actual content is maybe the least important. I'm 100% sure. The motivation is all there. Why would I be in this class if I had to be coaxed into learning about it? I think I can learn more in one long sitting than piecing away at any given topic. That's…

"I'm 100% sure. The motivation is all there. Why would I be in this class if I had to be coaxed into learning about it?" So then why aren't you going through the lex and yacc sources in addition to your compiler class work? It's not like you have to ask for permission.

Because I'm stretched thin by my 5 other courses and other projects.

The point I'm trying to make is that at least for me, I'd be much better off devoting myself to one topic for 3 weeks than spread over 18. That may just be me personally.

Re: The Real Reason College Tuition Costs So Much

#122
post #49

Earlier quoted context omitted.

i think that's why you can't have western governments investing in students, because they don't have any money.. in fact my friend and i have applied to this yc batch with our idea for a 'vc firm for people' where you pay for students university education in return for a % of their annual income (i.e. in return for taxing them).

Private debt slavery! This is a terrible idea. Moreover, your cost of capital cannot possibly be lower than the interest rates paid by Western governments.

haha u have hit the nail on the head re: our bad pr problem..usually people go for indentured servitude rather than all the way to slavery though haha...

we think equity>debt for students because a) in bad times your debt is lower (% of income vs flat payment) and b) longer time scale allows transfer consumption from middle-age to years immediately after graduation

re: western government interest rates that's probably true, the uk has lost a lot of money on their loans which have very nice terms & conditions.. the US market still has a large private loans component which we think we can beat (for reasons above). to be honest though we are probably thinking more about the developing world (india, china etc.) where student loan financing isn't as available (particularly true at a graduate level)

finally, the x-factor is on the investor side where we can allow investors to bet on industries without having to be on a specific company because the income stream of someone working in a given industry is a better long-term proxy than a company in that industry (particularly if it's a new industry)..

Re: The Real Reason College Tuition Costs So Much

#123
post #27

Earlier quoted context omitted.

I went to college in Sweden and had all that you had, I didn't pay anything. I received about 1000-1500$ a month for attending school from the government.

Sweden also doesn't have universities that match up to the US when it comes to a ~$50k tuition tier. $50,000 per year is a lot, and buys you access to the best universities on earth, most of which are in the US. Harvard's tuition is around $44,000 for example.

but obviously university rankings are only weakly related to the quality of undergrad education. US universities are the "best" at research... not hard to understand

Re: The Real Reason College Tuition Costs So Much

#125
post #100

Earlier quoted context omitted.

I like how you're insinuating that current Chinese students are acting entitled by wanting heating and air conditioning in their dorms. Whereas in Canada/US, heating/air conditioning in dorms is considered a basic :P We really are spoiled in the West.

He is not saying they are acting entitled. Just saying it is a change from the past when they were ok accepting what we would consider lower standards as they didn't have much choice.

Oh I see, I guess I was just struck by the difference in expectations of students in the west and even (some) of the ones in China - and I leaped to conclusions from there.

Re: The Real Reason College Tuition Costs So Much

#126
post #65

Earlier quoted context omitted.

> if I handed you a résumé, without a bachelor's degree, but instead included my github profile and a list of books I've read cover to cover and some open source contributions, am I going to get the salary I am worth? Speaking as someone who makes hiring decisions, a strong Github profile means more to me than the school you went to or the degree you have. When I hire people, I care about their ability to get things…

Speaking as a twenty year old who didn't go to school and doesn't have a degree would you hire me - or at least consider me for an interview - based off my github here ( https://github.com/philangist?tab=repositories ). I am actually gainfully employed right now at a job I like a lot, but I sometimes worry that I might be pigeonholing myself due to my lack of a formal degree.

I'd certainly consider you for an interview (you show actual development ability and an understanding of some important concepts in your work, which is much more than many interviewees), but speaking frankly, the profile is a little weak - it consists mostly of experimental or toy stuff without any kind of evidence of real-world application, no tests, nothing that's been packaged up for use by other people. These aren't bad, by any means, but by themselves they aren't something I'd look at and say "I want this guy working for me".

You don't have a lot of collaborative work (read: contributions to existing projects) or original work that others are using, which is one of the things I look for in candidates. I'm not just interested in a candidate's ability to write code, but in how they write code in the context of large projects, how they produce deliverables for consumption by other developers and stakeholders. Your Github profile isn't just a chance to showcase your ability to write code, but a chance to showcase how you write code with other people involved. A candidate who is actively contributing pull requests to other projects is very interesting to me, because they demonstrate an ability to collaborate with other people on a codebase they didn't originate, which is obviously necessary in business.

Your commits are clean, though, which is very good. I see way too many candidates with message after commit message like "stuff" and "changes" (anecdotally, I've found this to be pervasive in newly-minted CS majors and academic repositories). That's a major negative for me, because it suggests a lack of desire or ability to communicate the essence of your work.

A strong history of open source participation and/or a strong history of development of a personal project that is actively used somewhere are the biggest things I look for, because they speak not just to your ability to write code, but your ability to ship deliverables. After that, I look at code quality (cleanliness/use of idioms/lack of obvious bugs or errors) and commit quality (how disciplined are you in your commits, how well do you communicate what each change is for). The lack of those things isn't a "no" for me, but their presence is a big "yes".

Re: The Real Reason College Tuition Costs So Much

#127
post #50

Earlier quoted context omitted.

Sweden is a country with the population of New York, but have one (sometimes two) universitites in a global top ten ranking of their respective subjects. So if you must compare to something US, do it with a large city.

How about don't compare a European nation to a large city, do it to the US equivalent: A state.

While this might be true for maybe population size or territory, the govermental structure is completely different. ..also there are huge cultural differences (language; diff. social path dependencies etc.)

I don't think the similarities justify comparing US states to European countries.

Re: The Real Reason College Tuition Costs So Much

#128
post #100

Earlier quoted context omitted.

He is not saying they are acting entitled. Just saying it is a change from the past when they were ok accepting what we would consider lower standards as they didn't have much choice.

Oh I see, I guess I was just struck by the difference in expectations of students in the west and even (some) of the ones in China - and I leaped to conclusions from there.

For the older generation, ha, but the younger generation has higher expectations.

Re: The Real Reason College Tuition Costs So Much

#129
post #113

Earlier quoted context omitted.

Tons of dorms in the US still have no air conditioning.

imagine some place hotter than Atlanta without AC. That damn Yangtze river line: the north of it gets heat in the winter, the south of it gets AC in the summer, it isn't as accurate as you'd think.

I can imagine it. Went to a university in Florida that had dorms without AC.

Re: The Real Reason College Tuition Costs So Much

#130
post #104

Earlier quoted context omitted.

Partially, regulatory compliance.

What percentage is this relative to say, football coaches?

No quantitative idea, but as disgusting as the salaries for football coaches (N.B., depending on the school, it may be a budget separate from the academic enterprise), university presidents, &c. are, I would be willing to bet that they are dwarfed by the army of bureaucrats handling what I termed regulatory compliance.

On the research side, off the top of my head you've got grant administrators, institute review boards, research integrity office, postdoc affairs. You've also got "Title IX administrators". Accepting federal funding takes a lot of work.

The worthiness of the services the bureaucrats are providing I leave as an exercise to the reader, but I think it's problematic that the people making the regulations are not the ones paying the bills when it comes time to comply with the regulations.

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