We need people in gov that have even a slight clue about economics, and it would be refreshing for a few voters to get educated too. In health care, the gov subsidizes. A procedure that was $25 10 years ago is now $55. The doc isn’t getting paid, so his price goes up, and the gov covers the dif with Medicare. In colleges, the student loan program is exactly the same thing. The government gives student loans, the price for college then goes up, and the colleges spend more on lavish dorms and recreational facilities ( and gay bathrooms) because they have the new money. Then the kids default on the loans and the gov forgives the loans. What we have is a stealth socialized college system. All the gov did was give colleges a bunch of money and use student loans as the stealth carrier. Why can’t people see this?
People are too blind to see.
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.