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Tuition costs have risen 710% since 1983

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Re: Tuition costs have risen 710% since 1983

#421

Post by gottorf »

dragonwriter wrote: post #251
rayiner wrote: post #77

Earlier quoted context omitted.

The government cannot and will not do that, because such a policy would have racially disparate impacts.

The government actually can do, and often does, policy with racially disparate impacts. Disparate impact is not a Constitutional limit on government discrimination, its a judicially-created rule in the application of certain statutory anti-discrimination laws. (And the disparate impact rule is politically and legally unpopular with the same faction that currently dominates the Supreme Court and whose members on the C…

The disparate impact rule is challenging to begin with because literally every policy has a disparate impact, because there is and always will be an uneven distribution of people of whatever cultural or ethnic subgroup they can be divided into in whatever social roles that exist. It should rightly be rid of. There are many other better ways to address discrimination.

Re: Tuition costs have risen 710% since 1983

#422

Post by singleshot_ »

taeric wrote: post #24
eschulz wrote: post #10

Makes sense when you have student loans backed by the federal government. If an 18 year old with no money and no credit history gets accepted into a qualifying university, she will be able to receive a loan since the bank knows that the government will protect their investment if she fails to pay them back. So now young people have this easy access to credit, and universities can greatly increase tuition and fees wit…

Worse than just "backed by the federal government," the loans are basically protected by the government. Being one of the small list of things you can't bankrupt out of, the risk in giving out the loans has been fully pulled from the lenders. It is frustrating to hear the discourse over the inappropriate students that are taking on too much debt, all the while ignoring the lenders that are taking on too much risk. At…

Curious for your opinion: do you think it’s really hard to discharge a student loan in personal bankruptcy in the US, or impossible?

Re: Tuition costs have risen 710% since 1983

#423

Post by dpierce9 »

bitshiftfaced wrote: post #318
dpierce9 wrote: post #315

Earlier quoted context omitted.

The first bullet says: “$23,839 is the average annual tuition among the nation’s private K-12 schools.” Edit: it looks like there is an error on this page. The bar chart the numbers are much higher. Anecdotally, private high school is always more expensive than private elementary. That is what the bar chart shows but not the bullets.

In your post, you said "private high school."

I think the average high school price is incorrect. I would love to see better data. I edited my previous bullet to reflect this.

Re: Tuition costs have risen 710% since 1983

#424

Post by prepend »

zeroonetwothree wrote: post #263
hospitalJail wrote: post #48

Earlier quoted context omitted.

Where does it say that? Btw private school looks quite affordable. I used to think my neighbor was rich, they were, but for only $20k/yr you can send 2 kids to private school? That is cheaper than daycare.

The private school near me is 55k per child. And that’s typical for this area

And what is your point. Average rates were noted.

The study also does average and median prices and increases.

Of course there is variability. What does you living in a higher cost of living area have to do with the points in this thread. Are you distributing?

Or just wanted to note that there are outliers that factor into the average? Maybe there’s something noteworthy about your private schools, but please add more info.

Re: Tuition costs have risen 710% since 1983

#426

Post by ralmidani »

HDThoreaun wrote: post #363
ralmidani wrote: post #136

Earlier quoted context omitted.

Medical school is education, and in the US it’s astronomically expensive (some people graduate with half a million dollars of debt). Residency is more like on-the-job training (a hospital still makes money when a resident sees and treats you). It just takes longer to train a physician because there are human lives at stake. Yes, teaching fellows and others in academia are often taken advantage of and work for free, b…

> a hospital still makes money when a resident sees and treats you Hospitals lose money on residencies. That's why there aren't enough and the ones that do exist need to be subsidized by the federal government.

I looked for a credible source for this claim. Hospitals say they’re losing money on residencies but there doesn’t appear to be an easy way to verify this. What if the federal government is falling for/complicit in a big lie (wouldn’t be the first time, see PPP “loans” when COVID started)?

Re: Tuition costs have risen 710% since 1983

#427

Post by Clubber »

zdragnar wrote: post #383
janalsncm wrote: post #345

Earlier quoted context omitted.

It only makes sense if you believe education is just like any other commodity whose price should be driven by market forces. Should government have any say in whether its citizenry gets educated? Is there a public interest in it? I can’t think of an easier way for e.g. China to win the 21st century. American undergrad enrollment is already down. As the world gets more technical, that is not a good sign. When an entir…

The rise in prices has largely been driven by schools going on real estate binges and bloating administrations. Right before I graduated, my school decided to build a new football stadium, because they decided using the city's stadium wasn't attractive enough for students. They promised tuition wouldn't be used to pay for it, and it wasn't. We just got something like $500 added to student "fees" instead. I have no sy…

When I went to school ages ago when it was reasonably priced, they did a breakdown of the tuition. Half of it was stupid bullshit the student government voted on over the years.

"Too many piglets, not enough tits" -AL

Re: Tuition costs have risen 710% since 1983

#429

Post by verteu »

zer8k wrote: post #356
verteu wrote: post #217

Earlier quoted context omitted.

I suspect GP is referring to the fact that the US has the one of the worst health outcomes per dollar spent vs peer countries [1] [2]. If "better health outcomes per dollar" is not "what you want" -- how come? [1] https://www.pgpf.org/blog/2022/07/how-does-the-us-healthcare... [2] https://www.piie.com/blogs/realtime-economic-issues-watch/wh...

The US's healthcare system is so bleak because we quite literally fund healthcare for the rest of the planet. Taxpayers in the US get access to the best treatment decades earlier if they're rich enough. Prices are increased on US citizens to account for the strong arming other governments do to get prices lower for their citizens. If the pharma companies couldn't do this, for example, they'd refuse to negotiate with…

This could only be true if the majority of the healthcare spending diff came from payments to pharma/health dev cos, right? Do you know whether that's the case?

If we're paying more for nurse salaries, hospital administration, insurance company bureaucracy, and ineffective procedures near end-of-life with low probability of success, it's unlikely the cost diff is mainly due to "subsidizing innovation."

Re: Tuition costs have risen 710% since 1983

#430

Post by TheRealDunkirk »

Shaanie wrote: post #314
TheRealDunkirk wrote: post #278

Earlier quoted context omitted.

This is why I'm asking. If that's the case, then I think even I would want to invest heavily in them. As long as the US government continues to make the money printer go BRRRR, this is an investment vehicle that simply cannot fail. (Until it does, in which case it will do so in a most-spectacular fashion.)

Presumably they're also priced with that taken into account, so you're not exactly going to be making bank.

Very good point.
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