Independent
Thinks s/he gets paid by the post
- Joined
- Oct 28, 2006
- Messages
- 4,629
Why do scholarly journals increase in price by 200%? Because that's what colleges will pay. Upgrading to single-room apartments instead of multi-occupant dorms, building nicer gyms, etc, etc. These do not sound like institutions that are under tough price pressure from consumers out to get the very best bargain for their dollar. Its sounds like the consumers have a lot of money to spend on this education, and that the schools are upgrading so they can compete for the available students. Where is this money coming from? Look no farther than your local financial aid office and Sallie Mae.
Yep.
I'd also say that the willingness of parents and students to spend isn't just loans but is also driven by a belief that any degree is valuable. I've never seen serious research on this question, but I'm guessing that if you don't have good analytical skills (aka "like math"), there aren't a lot of programs out there with a good return on your investment for average students.