61–70 of 588 posts
1. gov loans
2. administration
3. Baumol effect (skilled labor $ goes up fast)
4. reduced public funding
5. demand inelasticity (cultural expectations to follow your passion and find your crowd, etc)
6. labor oversupply & elite overproduction (see Turchin)
How would you all rank these? Any others you would add?
And what It did explain could have done a little bit better job.
Earlier quoted context omitted.
Why? Keeping afloat a system that siphons all the fruits of progress to the 0,01% by throwing just enough trickles to the bottom so they don't revolt?
The top 0.01% earns 5% of all income. The top 1% (which includes many Facebook engineers, doctors, etc.) earns 20%. The vast majority of the "fruits" of the system go to normal people.
"The question then becomes a matter of how we fix this without diminishing access to a college education." This is the crux of it that everyone needs to get over. Universality, High Quality, Low Cost. Pick two. By letting the government meddle you have guaranteed no one can afford college and will be long in debt to a loan they cannot discharge in bankruptcy. I'd rather have cheap college then universal access for ev…
Too many people are enrolling in College, and this is a problem. The end result in many cases has been lower the standards to get students to graduate. More people need to be geared towards trades and manufacturing jobs. The Covid Pandemic has shown us what happens when you put all your manufacturing in one country.
There’s a reason plumbers and electricians would rather their kid be a white collar worker.
I just had a former carpenter come over to do some work and saw me in running shorts and said he wished he could still do physical activities, but the years of carpentry work have ruined his joints. He was only upper 40s.
> the feds should handle student loans the same way they handle medicaid/medicare reimbursement. I'm not sure how anyone looks at our health care reimbursement system and the decides that's the approach to apply to fix anything else? Personally, I'd like to see: * Employers are allowed to test students to see what they can do, but not evaluate them based on whether they went to school or where. * Make student loan de…
Earlier quoted context omitted.
>Universities in Europe are generally high quality and low cost. The cost is low for the student but it's pretty high for the taxpayers. Not US high but still, it's not free, there's lots of bloat in the system that thrives on volume of students not on quality so they try to push forward legislation and programs to increase the number of students, especially from abroad and build more faculties/universities with more…
No, the cost to tax payers in Europe is less than what people in USA have to pay the college. This is because my University (in Europe) had no sport facilities whatsoever , not even a soccer field. It also had no dormitories, canteens, no fancy library, sport teams etc. It did teaching + research, and nothing else.
Earlier quoted context omitted.
> Is this surprising to anyone? Yes. Most people here who actually post in US college cost discussions seem to think the federal government is still only in the business of guaranteeing loans. As this article indicates, when the federal government is making these loans and owning them from start to finish it changes the dynamics considerably. > I remember my first day of college (in 1993!) ... I was fortunate to only…
Private Engineering-focused college in the Northeast. All-in annual cost was listed at $24k for tuition, room, board, fees, etc.
"The question then becomes a matter of how we fix this without diminishing access to a college education." This is the crux of it that everyone needs to get over. Universality, High Quality, Low Cost. Pick two. By letting the government meddle you have guaranteed no one can afford college and will be long in debt to a loan they cannot discharge in bankruptcy. I'd rather have cheap college then universal access for ev…
What does the choice of "High Quality, Low Cost" look like in practice? (Because I'm not seeing how to make that happen, other than "burying the actually high cost someplace where it's spread out and hard to see, so it looks like low cost".)
"The question then becomes a matter of how we fix this without diminishing access to a college education." This is the crux of it that everyone needs to get over. Universality, High Quality, Low Cost. Pick two. By letting the government meddle you have guaranteed no one can afford college and will be long in debt to a loan they cannot discharge in bankruptcy. I'd rather have cheap college then universal access for ev…
It is not possible for me to overstate how very much this is not true at the college where I work, and at all colleges with which I have a personal connection.