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i believe there is going to be a turning point in the very near future as the current higher education model is not sustainable. graduation from a top-tier private school with accompanying years of debt is going to result in reduced graduation rates of lower-income positions- ie teachers, etc.- as the term ROI becomes a serious consideration in the college decision process.
there is no feasible way that someone can justify dropping 4+ years @ $50k to require admittance to a job paying $35k; as an investment, it would get shot down on paper, yet it continues to happen and it's only going to get worse as colleges/universities seem to have figured out how to justify increasing annual prices beyond inflationary rates.
That's right, John. A student can get just as good of an education at a community college, as at some high priced university. Not all, but many community colleges have actual professionals teaching classes. I don't care how much money you have in your pocket; that money may buy you a passing grade, but it sure won't buy you the experience of working to understand your chosen field.
Online colleges will be the line of demarcation for the rising costs of education today. The old ideas that you can just keep increasing the price of everything using supply and demand as the basis of that idiotic theory is debunked easily by the realities of how diminished the price of homes are today as compared to the Bigger Is Better McMansions of the past decade.
This will also happen to colleges. Does it not occur to some people that prices on everything will only go just so high before they must fall to rational levels? Obviously, putting a price tag on education has produced the same mentalities as on Wall Street where no amount of raised prices is ever high enough. Oh no?
The biggest problem today is Big Business interference on every level. It results in a huge percentage of our tax dollars being spent to support Business and in no way returns to taxpayers for infrastructure and other needs of taxpayers. Instead, the focus is on handing trillions in subsidies to Big Businesses who then turn around and use those subsidies for everything but their intended purpose. This is directly related to the Big Business endowments that are part and parcel of overbloated egos.
Perfect example is what is happening in NJ. A huge endowment by a anonymous donor was made to Rowan College. Now, Governor Christie and others are hot to merge Rutgers Campus in Camden with Rowan. So are we not supposed to figure out that Mr. Big Anonymous Donor wants to try a coup de etat and get in on the Rutgers name while making the Rowan name equal to Rutgers? Not going to happen. But, Mr. Big Anonymous Donor can dream can't he?
It's always a real laugh when billionaires spend their moolah oh these kinds of coup de etats only to be shot down by public disagreement and protest. Not even a billionaire's wealth can stop the tides of public opinion.
The guy below who blames Pell grants and Obama for the rising tuition situation is an idiot. Just looking for an opportunity to call the president a "piece of crap." The tuition situation has been going on for a long time and is due to a number of factors. The president's policies are far from a key
factor. No matter the topic, no matter the issue, the government is bad and the president is a piece of crap to guys like that. My strong guess is that this guy and others like him rely on the government more than they know, but are too stupid to realize it.
I went to MIT in the 1980s. In 1985, my freshman year, my total costs were $12,000. I came on here to write that I think the current costs are in line with that, given that it is 27 years later. However, to my surprise, I just went and found some inflation (CPI) calculators on the web, and they are saying that $12,000 in 1985 is anywhere from $24,000-$41,000 now, with the vast majority of the calculations coming out in the mid-20's. So, I take back what I was going to say ... it does look like tuition has greatly outstripped inflation in general.
However, I know that in many cases the students get steep financial aid (including scholarships). In this respect, it seems a lot like the health care sector (in which I work) ... prices are jacked up so that those who do have money pay an inflated full-cost, and then the majority of people pay a steep discount off the "list" price.
My entire 4 years at Arizona State University (Tempe) cost less than $800, including books from 1956-60. I lived at home, commuted about five miles to school. I was an Arizona resident. My wife and I had 4 children while I was a student there. At that time, Arizona State had around 8500 students. Now, Arizona State is the largest University in the country, with more than 70,000 students at 3 campuses within a 20 mile radius (aprx.). What has happened to the cost of education for our children and grandchildren?
Harvard could offer free tuition for every student for 30 years or more and still have some change left. Somethings not quite right with this picture.
If there is any federal funding going to these schools it should be stopped immediately!
this is exactly why the great usa is doomed. instead of supporting a system that helps with the best education system in the world it has become a student mill to make as much money as possible.Before i get attacked, think about how more and more immigrants are getting the the technical and medical field related jobs . Makes you think , Thank you america your screwed most of us!
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Occupy Wall Street bought and forgave the student loan debt of more than 2,700 Everest College students.
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