What I'm interested in is - why did college costs go up at this rate? What can we do about it? What can we learn from it? Why is it different from so many other things?
Any thoughts on that?
My thought is both education and medical have something to do with them being funded by third party sources. The institutions keep raising prices because they know the students will just take on more and more loans to pay the cost, the students don't seem to be worried about paying back the loans and in the end another entity is responsible for it. Same sort of thing with medical and insurance.
Forget about the days of 6 guys renting a house and eating top ramen. Those days are over.
Good point. I wonder how much student debt there would be if the Universities had to hold it to maturity or if the debt could be discharged through bankruptcy.My thought is both education and medical have something to do with them being funded by third party sources. The institutions keep raising prices because they know the students will just take on more and more loans to pay the cost, the students don't seem to be worried about paying back the loans and in the end another entity is responsible for it. Same sort of thing with medical and insurance.
I went to college in the early 80s. Today's schools pamper their kids a lot more than before. The facilities are much nicer. They have orientation day for parents. The dorms are bigger and many kids have private rooms. The food is better. Everything is wired for free internet. Free computer resources are everywhere. They have workers all over the place cleaning it up and keeping it running. Forget about the days of 6 guys renting a house and eating top ramen. Those days are over.
What I'm interested in is - why did college costs go up at this rate? What can we do about it? What can we learn from it? Why is it different from so many other things?
Any thoughts on that?
I've heard the argument that K-12 costs have gone up because we provide so many special services compared to the past. Probably a factor, but that seems to be less so for college?
I'm surprised cars have actually come down in infl adjusted terms. We hear about the costs associated with safety, mpg, and all the features we didn't have in 1978. Maybe there is some 'hedonistic' adjustment in there? Maybe not, seems prices have somewhat stabilized in the past 10 years or so?
-ERD50
I'm surprised cars have actually come down in infl adjusted terms. We hear about the costs associated with safety, mpg, and all the features we didn't have in 1978. Maybe there is some 'hedonistic' adjustment in there? Maybe not, seems prices have somewhat stabilized in the past 10 years or so?
-ERD50
What I'm interested in is - why did college costs go up at this rate? What can we do about it? What can we learn from it? Why is it different from so many other things?
Any thoughts on that?
I've heard the argument that K-12 costs have gone up because we provide so many special services compared to the past. Probably a factor, but that seems to be less so for college?
I'm surprised cars have actually come down in infl adjusted terms. We hear about the costs associated with safety, mpg, and all the features we didn't have in 1978. Maybe there is some 'hedonistic' adjustment in there? Maybe not, seems prices have somewhat stabilized in the past 10 years or so?
-ERD50
I think there will be a shakedown in 3rd level education in the next 20 years and the idea of college as the entry level to the work force will go out the window.
Just my opinion, after a couple of decades in academia.
3. For many state schools, the state funds have been cut over the last decade or so. In my state (Minnesota), tuition is paying a larger percent of the costs than it used to.
Both require a lot of labor hours and haven't managed to change that. ...
Animorph said:Both require a lot of labor hours and haven't managed to change that. Online courses will be changing college costs soon. A general problem if everyone starts making the same as everyone else. Health care has the added problem of new procedures being added faster than old procedures are getting cheaper, in addition to all the oddball pricing problems.
Granddaughter is at a dorm in Sam Houston State University this year as a freshman. When I went there to hook up her computer to the internet, I was shocked to see how small her SHARED room was for $1000/month. I think a prison cell would be roomier.