Posted on 03/28/2015 11:11:21 AM PDT by SeekAndFind
According to the Washington Post, New York University is charging $66,000 a year in tuition. This includes room and board but is still a fantastically expensive figure. Columbia University is charging $63,000 a year, and even less well-known schools like Sarah Lawrence College and Harvey Mudd College are charging about $65,000 a year.
Now, to be fair, these figures include room and board. But even with room and board, these are fantastically expensive rates. Many schools like NYU play a game, where they say that their asking tuition is $66,000, but after scholarships and grants, the average tuition is "only" $34,000.
But if $34,000 is the "average," who is paying below average, and who is paying above?
Incoming freshmen, Nia Mirza, started a petition to get the school to lower the cost of attendance. Mirza, a 19-year-old from Pakistan, claims the price went up after she committed to early admission to the class of 2019. To be clear, it is not going to cost Mirza $71,000 to go to NYU. That figure is just a really detailed sticker price that doesn’t include financial aid discounts, like the $24,000 scholarship she received from the school.
There is no reason for college to be so expensive. The reason it is so expensive is because:
a) Students are subsidizing research and other activities unrelated to teaching.
b) Students are subsidizing a layer of bureaucratic employees (such as "Deans of Diversity") who, at best, do nothing and at worst, foment racial and gender hatred.
c) Many schools have enormous endowments, so big that they could practically let students attend for free. NYU's endowment is 3.5 billion dollars. That's bigger than the cash reserves of some small countries.
(Excerpt) Read more at americanthinker.com ...
4) The federal government is subsidizing education generally, with market-distorting grants and below-market loans to students. Therefore, there is nothing keeping the price of tuition from rising to sop up these funds.
Since liberals love government control so much, maybe we should have price controls for universities that take government money. Say, $500 per credit. That’s still way more than they need.
“Students are subsidizing research and other activities unrelated to teaching.”
That’s a good one. Funny ha ha.
But the tuition does subsidize all the administrative idiocy and that includes the psycho PC liberal indoctrination programs and schemes.
It all comes down to dumb kids (and their parents) falling for educrat propaganda. When there is a Great Turning Away by potential students, these institutions will have to straighten up their acts in a hurry.
And those endowments' investments are tax exempt, as are contributions to those endowments. So, unless you are one of the people contributing, your taxes are supporting these institutions, even the private ones.
Yes.
If car loans were illegal, new cars would still cost $3000.
The credit markets inflate prices enormously.
Not everyone needs to go to some big university. Community colleges and vocational schools are great options.
>>But the tuition does subsidize all the administrative idiocy and that includes the psycho PC liberal indoctrination programs and schemes.
My niece’s boyfriend is about to end a Marine enlistment. I’ve spent some time with him recently, and he’s hearing from his buddies that the Liberal idiocy from college profs is just unbearable. Especially when you’ve been at the pointy end of the stick in the dirt at a FOB in Afghanistan, as he has, and as his buddies have been.
” he’s hearing from his buddies that the Liberal idiocy from college profs is just unbearable.”
If you are a white male, you ain’t welcome.
Yes indeed.I look forward to that day with infinite delight.
“The credit markets inflate prices enormously.”
BIG time on college costs.
Staff pay at a university must be outstanding?.
Harvard paid Elizabeth Warren $700.000.00 for 2 years part-time work.
.
Yes, the inflation factor for colleges is at least 10X.
My daughter will be going in the Fall. If they want you, they take half off right away. They presume that you will borrow most of the rest, in fact, more than half of the mail from the colleges that accepted her is about loans, with very little detail, and almost no detail that would help you make a good decision.
Mortgages are even worse, of course. The house my parents bought in 1961 for $41000 is now “worth” $1.35 million, most of the $1.3 million difference is premised on the availability of credit and the dilution of money’s value. If my parents had paid the sellers in gold at the market price of $35/oz in 1961, the seller’s gold would now be worth about $1.3 million at $1150/oz.
My daughter graduated from an IVY and we did it by a combination of grants, our savings and her working. No debt. She is married now and her hubby is paying for her grad school-Smirk!
Talk about over worth that’s just crazy it only makes it harder for the students.
Big Education...a major funding mechanism for Democrats.
The #1 funding organization for Obama in 2012 was employees of the Univ of California system.
#2 was Google.
Tell him to visit a few good engineering schools and spend time on campus. Get permission to sit in on some of the engineering, math and science classes.
Check out the better technical universities such as Embry-Riddle Aeronautical University in Daytona, if he is interested in aviation. An ERAU degree will open doors in aviation ANYWHERE in the world.
Finally, check out solid Christian colleges and conservative schools like Hillsdale College.
Wherever he attends, don't be afraid to respectfully stand his ground to defend his world view. Many of the liberal professors have never done anything outside academia.
"Some people live an entire lifetime and wonder if they have made a difference in the world. Marines don't have that problem." - Ronald Reagan
Semper Fi from a Vietnam Marine Corporal
” Harvard paid Elizabeth Warren $700.000.00 for 2 years part-time work.”
$350,000/yr to teach one course.
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