mrstickball said:
Sure, but I was trying to demonstrate how much the growth of bachelors' degrees have increased using a different model. |
You were trying to make the numbers say what you wanted ;)
mrstickball said:
Sure, but I was trying to demonstrate how much the growth of bachelors' degrees have increased using a different model. |
You were trying to make the numbers say what you wanted ;)
HappySqurriel said:
To make a rough guess, I would say that without government intervention the average 4 year degree would cost between $30,000 and $40,000
What essentially happened is what happened when used car loans were introduced; a 5 year old used car jumped from being worth a few thousand dollars to being worth tens of thousands of dollars because everyone who used to be able to save up $2,500 to buy a 5 year old car now qualified for a $10,000+ loan on a used car. The car they were buying didn't change, they just paid more because they could afford to and the people who sold them the car made more money. |
I'll just leave this here...

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theRepublic said:
I'll just leave this here...
|
I'm not sure what your point was ...
The entire reason tuition can increase at a faster rate than inflation is because the government backs loans to students to pay these outrageous tuition rates.
For a wide variety of reasons an "arms race" has been created in colleges throughout the United States (and to a lesser extent most of the western world) where colleges and universities are spending more and more money to attract students and faculty. Building more new buildings, funding expensive college athletics programs, and paying "professors" more to do less teaching and more research all costs money and (as long as students can find money through cheap credit to pay for it) increasing tuition will provide colleges and universities the money they need to cover these costs.
| spurgeonryan said: And for all of you saying that education leads to higher IQ. Who cares? Tell me who loses their job during the next recession. What is the Wall street broker going to do then when he does not know how to do anything else. Every kid and his Mother is going for a business degree. We are a nation of Greedy, skill less, lazy, fat humans and the rest of the world is stepping all over us. India, china and South America have our jobs. These Business graduates like Joe the Bro are outsourcing American jobs as we speak to save their company a few percentage points so that they can have a new Mercedes next year or a bonus and a trip to Venice. But some day when the Government cannot give out 500 billion dollars or more in stimulous packages then all those bankers and businessmen and whoever else that should have got a bump will be on the streets scrapping at doors looking for a hand out because they have no skills. They know nothing other than how to balance the books properly. American Schools need to push skills on to our children. Not just computer skills either. just think what you could fall back on if you had some sort of degree or certification with electronics! |
AGREE 100%!


HappySqurriel said:
I'm not sure what your point was ... The entire reason tuition can increase at a faster rate than inflation is because the government backs loans to students to pay these outrageous tuition rates. For a wide variety of reasons an "arms race" has been created in colleges throughout the United States (and to a lesser extent most of the western world) where colleges and universities are spending more and more money to attract students and faculty. Building more new buildings, funding expensive college athletics programs, and paying "professors" more to do less teaching and more research all costs money and (as long as students can find money through cheap credit to pay for it) increasing tuition will provide colleges and universities the money they need to cover these costs. |
And your solution is?
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| theRepublic said:
And your solution is? |
Phase out (or at least cap) government backed student loans ...
Hypothetically speaking, having the government limit the student loan growth over a year to the average tuition of a public college over the previous year would create significant pressure on colleges and universities to control theri costs; because they can't simply increase tuition to recover their spending.