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U of Chicago projected to be the first U.S. university to cost $100k per year

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Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#461

Post by cycrutchfield »

tenpies wrote: post #450
sorenn111 wrote: post #7

One thing I find crazy is the very same institutions that are generally very left leaning, decry income inequality, and espouse generally liberal views then turn around and having tuition costs that having been rising at rates so far above inflation. Student debt is a major issue in the US and the ever increasing costs of tuition are a MAJOR culprit in pushing this crisis. Where are these costs coming from? How can y…

> One thing I find crazy is the very same institutions that are generally very left leaning Why? Being Left leaning is easiest when it's not your money. Yes! Raise our tuition! More levies! Mommy and daddy will pick up the tab. If not the government-backed loans will take care of it and I just won't pay for it. After all, those capitalist boomer tax payers should subsidize my virtuous leftist existence. It's just lik…

Good lord, the level of discourse on this site has absolutely plummeted. We're in /r/conservative territory now.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#462

Post by andutu »

I'm a student attending UT Dallas. Not only am I in the honors programs there, but I also have an AES scholarship which grants me a stipend of $3,000 per semester.

I know several people who've gotten into prestigious institutions such as John Hopkins who are going to UTD instead.

It's not like options don't exist. Yeah UTD isn't some brand name, but it's a good starting point.

I blame universities to some degree for this problem, but I also blame consumers. I was once a starry-eyed high school student who applied to the likes of CMU and got rejected from all save UTD and A&M, with A&M basically giving me nothing. People realize that these schools open doors through elite social connections, more so than say UTD, but you can still network outside these elite institutions, it'll just be a little harder.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#463

Post by eindiran »

popularwarfare wrote: post #440
eindiran wrote: post #146

Earlier quoted context omitted.

Given that most (yes, most) students at the University of Chicago receive financial aid, what you're seeing is a sticker price. The school is using the high sticker price + financial aid to perform very efficient price discrimination[0], so they can get a lot of money from people who can pay. It is effectively a sliding scale fee [1]. [0] https://en.wikipedia.org/wiki/Price_discrimination [1] https://en.wikipedia.org…

In theory. Do you have evidence that is what is actually happening?

If your request for evidence is about the claim that most Uchicago students receive aid: https://news.uchicago.edu/story/financial-aid-budget-forecas...

If its about the claim that this is an example of price discrimination: that is an opinion I formed while I was at the University and spoke with some folks in the economics department about it. There is a class offered in econ about the economics of education, and that certainly hit the point home that financial aid is a type of price discrimination. I couldn't have paid for the tuition in full, so I myself received significant financial aid and supplemented with some student loans, so I got to see a bit of it first hand.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#464

Post by xupybd »

throwaway936482 wrote: post #442
xupybd wrote: post #438

Earlier quoted context omitted.

Non American here. They seem to be the greatest country on earth. They have a big problem with the gap between the rich and the poor but have huge upward mobility. The education system is too expensive and a bit of a scam but does that cause the problems people think it does. Can you make it in the US without a degree?

Social mobility in the USA is actually much lower than in other developed countries.

It's not the best in the USA but I understand it's not terrible. https://www.oecd.org/centrodemexico/medios/44582910.pdf

It's also incredibly complex so perhaps it was a silly thing for me to comment on as I don't think it's that easy to define or measure.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#465

Post by jumpman500 »

holografix wrote: post #429
WhompingWindows wrote: post #77

UChicago 2011 graduate here. When I attended, I paid about $20k/year in tuition, given that I had various merit scholarships, worked for the university, and that my siblings also attended school. My parents were in for a RUDE awakening in my fourth year, however, when my brother graduated his undergraduate program...UChicago found out via a survey, that I was now the sole college attendee, and without warning they ja…

No, you guys need to quit the platitudes. You need to do something about your “fixed” meritocratic society where your future is largely determined by your parents’ wealth. You need tax reform, healthcare, cheaper education. I had a discussion with an American friend recently, he offered that the American society has produced marvels such as Google and Facebook and Tesla and countless others, fair point. Can you imagi…

> No, you guys need to quit the platitudes.

Uh-huh

> You need to do something about your “fixed” meritocratic society where your future is largely determined by your parents’ wealth.

> You need tax reform, healthcare, cheaper education.

Please continue your nuanced argument with a straw-man.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#466

Post by moduspol »

klipt wrote: post #458
moduspol wrote: post #127

Earlier quoted context omitted.

I wasn't in a position to be explicitly told, although I did at one point see an anonymized list of faculty salaries and they did not seem unreasonable (only one in six figures). This school is about 40 minutes away from a city with an international airport. I think "diverted" is perhaps a strong word here. The way administrators see it, the administration is necessary to even reach the point where faculty can teach…

> Students absolutely expect good WiFi, good Internet speeds, Google Apps-quality e-mail, and that's just tech stuff. My personal internet with Comcast is ~$60/month, so assuming universities have greater bargaining power due to scale that shouldn't make much of a dent in tuition. And my college email interface was clunky but I just set it up to forward everything to Gmail, which is free.

It's not really reasonable to compare a residential ISP to one for a college campus. It probably is cheaper if you count only the Internet service itself, but everything between that ISP and each end user's device has significant fixed and maintenance / upgrade costs attached. Your residential ISP can give you an all-in-one modem / WiFI router and you're good to go.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#467

Post by wtvanhest »

Bjartr wrote: post #284
wtvanhest wrote: post #26

Earlier quoted context omitted.

Yes, admin is a problem, but its not just admin. If you are a professor making 150k+, you have to ask yourself how much of your salary is being funded by rampant, unsustainable borrowing. Colleges need dramatic, across the board cost cutting including professors, admins etc. Colleges are in for a world of pain in the next 50 years.

Why shouldn't a professor make 150k? I mean, from a societal point of view.

If that is what they are earning without burdening thousands of students with unsustainable debt over their careers than I'd argue nothing is wrong with it.

For example if the salary is 100% from NIH grants and the prof makes 500k, more power to them.

If the prof makes 100k and all their salary is funded by student loans, then they should decide whether their livelihood is worth the externalities they are creating.

Its a moral choice

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#468

Post by ginko »

WhompingWindows wrote: post #77

UChicago 2011 graduate here. When I attended, I paid about $20k/year in tuition, given that I had various merit scholarships, worked for the university, and that my siblings also attended school. My parents were in for a RUDE awakening in my fourth year, however, when my brother graduated his undergraduate program...UChicago found out via a survey, that I was now the sole college attendee, and without warning they ja…

What’s the reasoning behind the discount for siblings? Seems strange to me that this would affect the cost of tuition.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#469

Post by redorb »

xupybd wrote: post #464
throwaway936482 wrote: post #442

Earlier quoted context omitted.

Social mobility in the USA is actually much lower than in other developed countries.

It's not the best in the USA but I understand it's not terrible. https://www.oecd.org/centrodemexico/medios/44582910.pdf It's also incredibly complex so perhaps it was a silly thing for me to comment on as I don't think it's that easy to define or measure.

upward mobility doesn't scale well. USA is doing epic for the scale on the upward mobility. If you were born here or get to become a citizen you've won a lottery compared to the bottom 50% of the world. To claim much worse and to be a US citizen is to say you've 'earned winning the lottery' .. Not to build up the US or put down any other country just the way it is imo

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#470

Post by barry-cotter »

popularwarfare wrote: post #437
holografix wrote: post #429

Earlier quoted context omitted.

No, you guys need to quit the platitudes. You need to do something about your “fixed” meritocratic society where your future is largely determined by your parents’ wealth. You need tax reform, healthcare, cheaper education. I had a discussion with an American friend recently, he offered that the American society has produced marvels such as Google and Facebook and Tesla and countless others, fair point. Can you imagi…

Americais and always has been fantastic place if you're part of the upper 20% and dog shit for everyone else. We just have great propaganda.

The Thirteen Colonies were the richest group of states under the British and as the US grew it continued to be land rich and labour poor. Americans were noticeably taller than Europeans until week after WWII. The rest of the world has caught up some but the US is without a doubt in the top ten by GDP per capita though competing with city states and what would be individual states there. Measured by average individual consumption it’s probably number 1. The US may not be a good place to be in the bottom 10%, possibly even the bottom 20% but by standards of living for normal people nowhere else compares.
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