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How government programs drive up college tuitions
Posted by admin on December 22nd, 2010
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@jsamsonite07
1. You're supposed to say "34 people that watched this work for a university.", because a subtle reference is funnier than a direct one.
2. Even then it's stupid.
universaties and community collages are all the same in the way that they all require you to pay huge sums of money and end up in debt while the collages both public and private, large and small swim in your money and having a laughing good time in the process.
Yearly tuition at my medical school: 1967 - 1978: c. $750; 1979: $1250; 1980: $2100; 1981: $5400......2009: $36,000. Peter's is absolutely right because I watched over four years how suddenly loans became so easy to get! I bought a new car and paid for it with my loan! And right along with that "easy money" came the collosal tuition increases. Same school, same program, but now, $36000 a year? Whoa! (as Rose Nyland once said.."different on outside, same on inside.")
34 people who dislikes this work for a university.
Also, I work ~15 hrs per week and go to school full time right now, but I will be in debt for decades. I respect my institution, I am getting a lot out of my education, and really do think that the people in charge care about the students, but this is not the way it's supposed to be. I think you are right that the issue is in the economics of the school system. Putting political pressure on schools to lower tuition is not enough, it has to come with economic pressure as well.
You are right, although what you miss in blaming the colleges is that the loans also put pressure on them not to cut costs. Because of these government backed loans students think of college purely as an investment, particularly since they are young and optimistic so approach making the decision in terms of which college offers the most. A college that offers less attracts fewer students.
You are right, although what you miss in blaming the colleges is that the loans also put pressure on them not to cut costs. Because of these government backed loans students think of college purely as an investment, particularly since they are young and optimistic so approach making the decision in terms of which college offers the most. A college that offers less attracts fewer students.
You are right, although what you miss in blaming the colleges is that the loans also put pressure on them not to cut costs. Because of these government backed loans students think of college purely as an investment, particularly since they are young and optimistic so approach making the decision in terms of which college offers the most. A college that offers less attracts fewer students.
Tell me why the tuition was raised in my college
@SirLola666 @SirLola666 That is only if the students can find jobs. Remember the whole point of an education is to find a higher paying job;however, if the government subsidies these jobs too heavily i.e. trying to make money off it's student loan programs then the quantity of labor increases dramatically. This becomes a problem if the quantity of labor greatly outgrows the demand for college educated labor. Thus, why a lot of college students now have to go to graduate school to find a job
@SirLola666 That is only if the students can find jobs. Remember the whole point of an education is to find a higher paying job;however, if the government subsidies these jobs too heavily i.e. trying to make money off it's student loan programs then the quantity of labor increases dramatically. This becomes a problem if the quantity of labor greatly outgrows the demand for college educated labor. Thus, why a lot of college students now have to go to graduate school to find a job
When president Bush signed off on couple billion dollar college grant a few years back,
almost overnight colleges all over the country began raising tuition. Virtually wiping it out and making it worthless. Like a giant vac cleaner it sucked that money up.
@YukonBloamie What people should look at is Singapore. They spend between 2-3% of their GDP on healthcare and have risen up to 6th place in WHO ratings. And considering they were backwards swamp land in the 70s and 80s theyve risen up very fast.
Its all down to the market really. The Singaporens save up into a "pot". Everyone is covered by government for serious accidents, but for everything else its market conditions which keeps it cheap for everyone and the best drugs/services win out.
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This sounds an awful lot like what we just did with Health Care.
This is interesting
@shounenbat510 The medical industry is going to be shocked. I know one emergency medical center that made $3 million in 2008 and made -$2 million in 2009. Yes, that's right, they spend $2 million more than they took in in 2009. Many doctors all over the country are dropping out of medicare and medicaid at a rapidly increasing rate. I've switched to a whole food diet with a lot of raw fruit & vegetables so that I don't get sick and need to go to the doctor. Wish your brother luck.
@shounenbat510 That's true, I have my associates degree, but I've often felt during the time that I went to school that it would have been much better to specialize in the subject that I was most interested in. Instead, I was forced to take so many electives that served no purpose. I should have gone to a trade school.
@rayme4raw LOL, that's because colleges don't teach much anymore. My youngest brother currently has a biomedical ethics teacher who's busy preaching about the joys of socialized medicine. Now NO ONE will be left behind! Unless, of course, you're too handicapped, too sick, too old, etc.
everyone gets an Ipad and free collage and the people at the university get $50k a year and Its cheaper for everyone and plus the government will get their money back because they will make income tax off higher wage educated people
@RTatUTube If you completely remove it there would be a huge uproar as the Universities have become dependent on government backed loans. What can happen though is a government slowly lowers the amount they will guarantee until Universities aren't as dependent on it. I could be wrong but I think right now the government has a blank check in terms of how much they will back up the student loans. It might not be a perfect solution but its the only way I see it working.
Great job Peter - come back on my show, I'd love to talk about the new financial reforms!
Ok, I understand why university costs a bomb. So how would one fix this situation? I'm asking because I am curious, and really have no idea how a regulator or government (or anybody) is able to reduce tuition fees. After all, the government that gets rid of student loans, will most likely get voted out in the next election.
Ok, I understand why university costs a bomb. So how would one fix this situation? I'm asking because I am curious, and really have no idea how a regulator or government (or anybody) is able to reduce tuition fees. After all, the government that gets rid of student loans, will most likely get voted out in the next election.
It;s like how health insurance keeps medical expenses high.