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I don't think the first two are problems colleges need to fix I think its more of a matter that we need to change our mindset about who should be attending college maybe some people would be better off going the trade school route.
Part of the problem is the social stigma of not having a college degree. Not sure how to fix that
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The loans are exactly why the colleges were able to continue jacking up the prices. As with homes, people will pay as much as institutions are willing to loan them. In both cases the currently low interest rates allow the loan principal to be much higher (given that folks calculate cost based on recurring payments). If you remove the student loan system then tuition would become cheaper. However that does unfairly im…
Here's what I don't get - Where the hell is the money _going_? Are Colleges and Universities pocketing the money? Are they publicly traded and distributing dividends? Are they building rockets? I know some of it goes back to financial aid, and some goes to football coaches... But we're talking about so much freaking money, and I just can't visualize where it's going.
This is nearly a strictly American problem. Much of the rest of the world has realized that society requires and is capable of supporting advanced education for all -- after all we want humanity to be advancing , right? America is still stuck in this alternate universe where it's a great privilege to have the opportunity to learn, which is of course true to some extent, but they really put it on a pedestal there. Com…
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Here's what I don't get - Where the hell is the money _going_? Are Colleges and Universities pocketing the money? Are they publicly traded and distributing dividends? Are they building rockets? I know some of it goes back to financial aid, and some goes to football coaches... But we're talking about so much freaking money, and I just can't visualize where it's going.
Salary of full-time faculty at American colleges and universities: 1970-71: $81,798 2018-19: $88,703 Mean salary of American college and university presidents in 1983: $160,640 (2018 dollars). Median compensation of private college and university presidents in 2018: $668,000. Median compensation of public college and university presidents in 2019: $495,808 More, and primary source links: https://www.lawyersgunsmoneyb…
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WTF. My wife did the online OSU program and all we pay is in-state tuition (even if out of state!). She's an international student too! You will not be paying 30K a year for OSU e-campus. More like 10-15K a year or so.
> You will not be paying 30K a year for OSU e-campus. More like 10-15K a year or so. Yeah, last time I looked it is the same tuition as if you were using the in-person facilities. I think that's too much for an online program. I paid less than $10K for my master's degree at Georgia Tech. That works out to about a third of what OSU is charging for the online undergrad CS degree, if my math is right. For online videos…
There are three problems that colleges need to fix. 1) Skilled trades pay better than most bachelor's degree track jobs. My kids can make more money with a six month apprenticeship than they will with all but a few 4 year degrees. If you can drive a forklift, you can make $45K/yr... which is identical to what an firsty year teacher makes. 2) There are better options than college for many. One of my daughters did a si…
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I don't think the first two are problems colleges need to fix I think its more of a matter that we need to change our mindset about who should be attending college maybe some people would be better off going the trade school route.
Part of the problem is the social stigma of not having a college degree. Not sure how to fix that
https://www.forbes.com/sites/prestoncooper2/2017/01/17/obama...
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> kids that had a job, any job before age 18 make 35% more than their peers over their lifetime Just as with claims about college, there is a huge selection bias in this observation. (A substantially higher proportion of youngish Americans obtain a bachelors degree than have a job before age 18.) Edit: Let’s be clear: there is obviously a huge selection bias when talking about college as well, which should not be ign…
Yes, but it is interesting which bias gets ignored and which one gets pointed out. > Collage increases earnings! "Yay lets send everyone to collage and give out >1T$ of loans" > Early work experience increases earnings! "Confounding factors and selection bias!"