51–60 of 287 posts
If we run this number up hopefully they bail everyone out.
There is so much waste in universities: bloated admin/it staff , libraries filled with journals/magazines that no one reads, tenure system that doesn't allow you to downsize departments that have no students. Tuition can be reduced, however there is no incentive to do it since students can easily get loans.
Yet, at the same time, they also provide all those jobs. Is bloating and inefficiency all that bad if it provides good jobs and the jobs have a good work/life balance?
Earlier quoted context omitted.
Right. It’s become a government backed bubble. Somehow we need to pop it softly. I’m sympathetic to all the current student debt holders and providing relief to them but if we do that without putting and end to these guaranteed loans we’re just perpetuating (and making worse) the problem. Doing something like making community college and trade school level degrees free and leaving everything else to private loans sor…
Why do you think community college and trade school level degrees should be free? It sounds like you think they're less wasteful somehow?
If you add up the total cost of all education institutions in the US, multiply by 4 years, then build a payment structure based on that number, there is simply not enough income left over in the corhort of new grads (first 10 years out of school) to pay the debt service. The problem has nothing to do with liberal art majors, or irresponsible borrowing. The problem is entirely driven by an excessive cost structure of…
But I thought the more a degree costs the more it magically increases lifetime earnings?
It does: if degrees cost more, fewer people can access them, so the market has fewer people with that expertise, so they can make more money.
There is so much waste in universities: bloated admin/it staff , libraries filled with journals/magazines that no one reads, tenure system that doesn't allow you to downsize departments that have no students. Tuition can be reduced, however there is no incentive to do it since students can easily get loans.
Yet, at the same time, they also provide all those jobs. Is bloating and inefficiency all that bad if it provides good jobs and the jobs have a good work/life balance?
There is so much waste in universities: bloated admin/it staff , libraries filled with journals/magazines that no one reads, tenure system that doesn't allow you to downsize departments that have no students. Tuition can be reduced, however there is no incentive to do it since students can easily get loans.
There is so much waste in universities: bloated admin/it staff , libraries filled with journals/magazines that no one reads, tenure system that doesn't allow you to downsize departments that have no students. Tuition can be reduced, however there is no incentive to do it since students can easily get loans.
Universities waste money in a lot of ways - library funding is not one of them.