Hmmm, the schools are dependent on government money and the students are dependent on government money... What could possibly be the goal?
The Times has this backwards. The artificial demand for college education predicated on the availability of federal assistance is why the tuitions are so high in the first place.
Yeah, aid goes up, but not for everyone. We’re praying our sons find some scholarship assistance, because they’re sure not getting any financial aid based on “need”. Government meddling drives up the cost, but only compensates those it chooses as worthy.
College fees are high for eeeevvvviiiillll capitalist White rich privileged individuals and low for the poor downtrodden victimized underclass minorities.
Just another “transfer the wealth” scheme.
Take a look at what public universities are paying Professors and administrators these days, its outrageous. Costs have been going up 8-10% per year for years, way beyond the rate of inflation. Lots of liberal pigs feeding at the trough.
http://www.collegiatetimes.com/databases/salaries
Other than government I’m hard pressed to identify any other entity where the skyrocketing cost is less justified with respect to the quality of what it provides.
I’d laugh if this wasn’t so damaging. The geniuses at the NYT have stumbled onto a truth—subsidy many times INCREASES prices. They could have written the exact same article about the housing market. Universities are a racket with their main purpose being to stick their snouts as deeply in the public trough as possible.
Assimilating knowledge by going to a particular location and sitting in front of a talking instructor is a completely outdated mode of education.
“fast-rising tuition costs have been accompanied by a huge increase in financial aid, which helped keep down the actual amount students and families pay.”
...part of this may be a CYA move by the schools...last year Senate hearings questioned continuing the tax exempt status of colleges.....their endowments/foundations were sitting on millions/billions of dollars....all tax free money, while they were jacking up costs to the kids and their families.
Clearly the NYT writer is an economic illiterate to not grasp the pernicious looting of the taxpayer and unjust enrichment of the "educrat class" that is truly going on here...
Feds In The Classroom: How Big Government Corrupts, Cripples, and Compromises American Education
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.