Posted on 10/28/2010 5:23:45 AM PDT by reaganaut1
The college tuition bubble is exactly the same as the Health-care cost bubble.
The Gov’t is the catylyst for rising prices.
“As College Fees Climb, Aid Does Too”
< fix>As coolege aid climbs, fees do also. < /fix>
The headline has the cause and effect backwards.
ex-Texan: what’s your predicition when the college bubble will pop? I think once the recession starts to end many colleges will implode. The future is low-cost internet education with online living certification. The timing is right for a certification website to sweep up marketshare. May the best website win.
That’s one thing I never understood. I work at a well-known university, and our ‘normal’ tuition for a year is $38,000. But, they’ve also raised tuition assistance. No family making under $80,000 is allowed to take a loan, and all loans are capped at $10,000 for the ‘academic career’, for all students. Basically, if you get in, and can’t afford it, you could essentially get a ‘free-ride’ scholarship based on need.
Of course, the original charter said that the education was free for all white residents, amended in the 60’s for all students, and then in the 80’s (I think) to start charging the students.
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