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A drought of student loans is good for education
The San Francisco Chronicle ^ | 2008-12-26 | Jeremy Bearer-Friend

Posted on 12/29/2008 3:34:32 PM PST by rabscuttle385

In the last 25 years, few prices have gone up as much as housing and college tuition. We know what happened to housing. So when will we hear the pop of the college-tuition bubble?

There are many competing explanations for why tuition has more than quadrupled since 1982, but one simple economic principle underlies them all: Universities can only charge as much as students and their families will pay. Sure, the University of California may have doubled its fees a few times over, but students kept paying, right?

(Excerpt) Read more at sfgate.com ...


TOPICS: Business/Economy; Culture/Society; Editorial; Government
KEYWORDS: college; economy; financialcrisis; panicof2008; studentloans

1 posted on 12/29/2008 3:34:32 PM PST by rabscuttle385
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To: PAR35; TigerLikesRooster; bamahead; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; ...
*Ping!*
2 posted on 12/29/2008 3:35:12 PM PST by rabscuttle385 ("If this be treason, then make the most of it!" —Patrick Henry)
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The Money, Banking, and Financial Markets Ping List.

"Money, not morality, is the principle commerce of civilized nations."
—Thomas Jefferson

FR Keywords: moneylist, bankinglist, financelist

Please tag all relevant threads with the aforementioned keywords.

This can be a very high-volume ping list at times.

Ping list jointly pinged by rabscuttle385 and TigerLikesRooster.

To join the ping list:
FReepmail rabscuttle385 with the subject line add  moneylist.
(Stop getting pings by sending the subject line drop moneylist.)


3 posted on 12/29/2008 3:35:25 PM PST by rabscuttle385 ("If this be treason, then make the most of it!" —Patrick Henry)
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To: rabscuttle385

Too much federal guaranteed student money available already. Time to cut the cord to communist higher education. They’ve done enough damage to America.


4 posted on 12/29/2008 3:54:53 PM PST by Comparative Advantage
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To: Comparative Advantage

Time to eliminate what I call “credentialism,” mandating college degrees for jobs that don’t really require them and long past time to eliminate “womyn’s studies,” “black studies,” and other such tripe.

College should provide a liberal education (I like the term “conservative education” better) for those who wish to be educated and preparation for useful professions such as law, medicine, engineering, and agriculture (to name a few).


5 posted on 12/29/2008 4:01:59 PM PST by GunsareOK
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To: GunsareOK

I agree, though “law” might exempt. :-)


6 posted on 12/29/2008 4:06:44 PM PST by Comparative Advantage
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To: rabscuttle385

Obama believes that “everyone has a right to a college education”. Watch for college tuition to quadruple again within 10 years.


7 posted on 12/29/2008 4:07:41 PM PST by Blood of Tyrants (Obama is living proof that stupid people should not be allowed to vote.)
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To: Blood of Tyrants

I tried my best to explain this to my nitwit neighbor who is convinced that all her kids (she has 4) will go to college with massive support from The Chosen One. I pointed out to her that if colleges cost 20k today, and TCO gives kids 15k to go to school, colleges will just raise their price to 35k a year. She insists that that would never happen - that colleges want kids to come to school and they want to do good.

**sigh**

It’s almost impossible to talk to liberals.


8 posted on 12/29/2008 4:10:20 PM PST by SoftballMominVA
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To: Blood of Tyrants

By the who paid for 0-boy’s education? Is that a secret?


9 posted on 12/29/2008 4:18:40 PM PST by pointsal
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To: Blood of Tyrants

Can you imagine if we addressed higher education the way we deal with health care?

The cost of higher education is going up faster than the cost of living. So we will cut professor salaries and expect universities to “get leaner”. So universities should cut out useless departments like women’s studies, ethnic studies, native american studies, etc. and focus on those departments that prepare students to get a J.O.B.

The faculties would have a fit.


10 posted on 12/29/2008 4:29:46 PM PST by Sir Clancelot
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To: pointsal

Probably Hamas.


11 posted on 12/29/2008 4:29:58 PM PST by Blood of Tyrants (Obama is living proof that stupid people should not be allowed to vote.)
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To: SoftballMominVA

Tennessee instituted a “Hope scholarship” based on income from lottery money a few years ago. The scholarship gives $1000 per YEAR per student who meets the minimum qualifications. And since then, the annual tuition has gone up by, yes, you guessed it, about $1000 per year.


12 posted on 12/29/2008 4:33:09 PM PST by Blood of Tyrants (Obama is living proof that stupid people should not be allowed to vote.)
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To: Blood of Tyrants
And since then, the annual tuition has gone up by, yes, you guessed it, about $1000 per year.

What...a..shock

According to my neighbor this won't happen once The Chosen One is installed as emporer. All things will be fine and better than fine. Just believe

13 posted on 12/29/2008 4:36:05 PM PST by SoftballMominVA
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To: Blood of Tyrants

....North Carolina has an “education” lottery to help schools....that fund is in trouble....people have severely reduced playing the lotto in these hard times....you would think it would be just the opposite....but not so.


14 posted on 12/29/2008 6:32:22 PM PST by STONEWALLS
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To: rabscuttle385
good point.

as in all things, the flood of easy money into "education" has driven the quality dowwwwwwn.

15 posted on 12/29/2008 7:40:13 PM PST by the invisib1e hand (revolution is in the air.)
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To: the invisib1e hand
as in all things, the flood of easy money into "education" has driven the quality dowwwwwwn.

But probably only for those getting the free handouts. Just like welfare, getting free handouts doesn't really improve a person. They just get lazier and less motivated.

From the young people today that I've talked to, the ones getting grants for school are usually also getting the easy degrees. The liberal arts ones that won't help get them a job. I've known quite a few that have gone into teaching because their degree didn't prepare them for anything else. And they hate it. So the 'quality' of teacher we are getting are people that cannot think ahead 3 or 4 years. Pitiful.

On the other hand, many of those that are paying for college themselves or getting loans are getting BS degress and will have good job offers when they graduate with engineering, math, or hard science degrees. I do know of one that got his engineering degree with grants - and he ended up with a EE MS - teaching in a private school for little money.

I sincerely think an entitlement attitude pushes people down to the minimum they can accomplish. While those that work for what they get push themselves up to be the best they can be.
16 posted on 12/29/2008 11:52:47 PM PST by CottonBall
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To: CottonBall
But probably only for those getting the free handouts. Just like welfare, getting free handouts doesn't really improve a person. They just get lazier and less motivated.

Have you seen who's walking around with Harvard degrees lately?

17 posted on 12/30/2008 6:02:03 AM PST by the invisib1e hand (revolution is in the air.)
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To: the invisib1e hand

I’m not impressed with any liberal arts degree, no matter what university it’s from.

If that’s what you meant.


18 posted on 12/30/2008 9:11:14 AM PST by CottonBall
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To: CottonBall
what I really meant is the quality of people strutting around yapping about their educationcal credentials leaves very much to be desired.
19 posted on 12/30/2008 10:29:24 AM PST by the invisib1e hand (revolution is in the air.)
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To: the invisib1e hand

Oh, right. I should’ve gotten that. ;)

You’re so right. I know so many teacher-types that are very impressed with their masters or PhDs. But - statistics show that any advanced education in ‘education’ classes doesn’t make them a better teacher - only say an MS in physics if one were teaching physics. But that would’ve required work and education classes are really hard to fail.

An education in itself doesn’t mean anything. It’s how it’s applied. I used to work with an engineering supervisor that told the new hires that our degrees didn’t mean we knew anything yet - just that we proved we could be taught. The more I worked, the more I realized he was spot on.


20 posted on 12/30/2008 11:36:05 AM PST by CottonBall
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