Posted on 08/15/2015 4:52:21 AM PDT by Kaslin
The only thing they will really be competing for is administrative staff...
“They’re still building brick and mortar institutions for ‘learning’.”
Indeed. It is all part of a great scam and fraud sometimes described as making rock soup. The university scams the taxpayer’s elected representatives to approve funding to construct new school building projects. What they, the educators and legislators, choose to not disclose is how the funds only cover the first part of the construction project needed to erect the first part of the outside shell of the building. Once they have the unfinished building, they then proceed in following years to promote an equal or greater amount of funding from students, alumni, and the taxpayers to finish, equip, and furnish the interior of the unfinished building. Before the first part of the building can be finished, the university is already scamming everyone for the funding to “improve” the building with more unfinished additions to the original building. Like many Interstate Highway interchanges, their construction is never finished. To make rock soup, a bum starts with a rock in a tin can of water cooked over a fire. The bum then begs for vegetables and meat from each passerby to add to the “rock soup” until the rock is no longer necessary to solicit sympathy and a full meal.
If you knocked administrative staff out all together you are only looking at a reduction of about $825 a student.
If you knocked administrative staff out all together you are only looking at a reduction of about $825 a student.
If you make widgets in a world where they cost a dollar to make and people pay two dollars for them, everybody makes a dollar. If the government subsidizes their purchase, the price can inch up. And with that, the folks that make widgets want a cut. So now you sell them for $5, but they cost $2 to make. You’ve tripled your profit. And if you are at a company who’s purchasers are not subsidized by the government, why would you not raise your prices too? The answer is “only if without the subsidy your customers can’t afford $5.” So maybe you charge $4.50.
Of course we both know it is way more complicated than that and there may even be some manipulation going on somewhere, politically, but imagine those schools that are not eligible for government subsidized students charging 1/3 as much, for the same quality. It would not look good.
And all that that implies.
Hey! That’s my tag-line. ;o)
A friend of mine has an acquaintance that is a rocket scientist that likes to say, “Even rocket science ain’t ‘rocket science’”.
:-D
Exactly...
I read somewhere that Elizabeth Warren (Fauxcahontas) D MA was paid $400K a year for teaching one course. Look at Ayers and his partner - been feeding at the edjumacational trough for decades, spewing hate and destruction with no accountability...
US tax payers are saps....
The schools I cited are non-profits (as most colleges are), so your argument doesn’t apply to that, but
There are certainly for profit institutions out there, generally they cater to students who are very pressed for time, or who have difficulty getting into the other schools.
As I understand it those have exploded student debt. Heck, you could do better loading up on CLEP and DSST for about $15 to $30 per credit to knock out your first two years at many colleges for FAR less than the diploma mills charge and with greater flexibility. You could also save a ton by studying for these tests with last year’s textbooks from Amazon for pennies on the dollar :)
Actually you could do CLEP and DSST for 60 credits at around $2,000 total including textbooks (some of those tests are worth 6 credits depending on your score). Compare that with around $30,000 for 60 credits at a popular for profit school!
Take your 60 credits to a (non-profit) bricks and mortar school and if you would be willing to sacrifice convenience, you could easily walk away with a degree from a far more reputable school for less than half the price even if you plodded through after work one course at a time (which would be the most expensive way to go).
There are five basic ways to fix minor parts of this issue.
1. Separate sports from public funded universities. The coaches, staffs, arenas, etc...all have a cost level assigned to them. The idea that some southern university will hire Coach Joe and pay him $1.2 million a year (state employee) then decide two years into the four year contract that his winning record is lousy, so they let him go but have to pay him off....is plain stupid.
2. Once you establish how many professors you have on the staff, then you figure the staff support of 4 staff for each guy. After that point, you need to question your manpower.
3. Rate each educational area to a different tuition. Engineers and medical school ought to cost X amount. Worthless degrees in French art or ethnic studies ought to cost twenty-percent more.
4. The governor of each state ought to have three or four people on his staff who audit state universities all the time and look at expense accounts of the chancellors who run the universities.
5. Trim the allotment of each public four-year university by ten to twenty percent. Force more kids into community college where they ought to be in the first place.
Maybe not the way he does it. There are a lot of pretenders out there.
Maybe not the way he does it. There are a lot of pretenders out there.
“If you turned off the federal gravy train, tuition would drop.”
Yep, ANYTIME the federal or even state and local government gets involved in what should be a private undertaking the result is more and more money spent and lower and lower quality as a result. Young people receiving a bachelor degree now have less REAL education than high school graduates of my era and less than eighth grade dropouts of my parents era. At the same time many, if not most, have student loan debts equal, in nominal terms, to what a nice house cost not so long ago. Many and possibly most, are taking jobs, if they can find a job at all, that I would have scorned as a high school graduate.
When will people ever learn that government thrives by CREATING problems, not fixing problems? Ronald Reagan’s simple statement should be on huge signs all over this country. GOVERNMENT IS NOT THE SOLUTION, GOVERNMENT IS THE PROBLEM.
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