Student loans are out of control because government support of higher education has fallen off the cliff.
Student loans are out of control because tuition and housing are out of control because professor salaries are out of control.
Actually it’s not really professors costs that are a big deal. Truth be told colleges have been shifting more education away from professors to adjuncts (non tenure track instructors) to save money. However they have been staffing up on administrators who schedule meetings to keep their fellow useless drones busy.
A goodly bit of this multiplication of administrators has to do with federal mandates and the like.
I work at a college and over my time here (in IT) I have seen the administrators multiply like roaches. Every department seems to have an assistant director, project manager, and plenty of other useless flunkies who do very little but busy work. It seems to be about fiefdoms.
Student loans are out of control because government support of higher education has fallen off the cliff.
Don’t forget about all those gorgeous new buildings.
I taught at a Big Ten school and it's not the profs salaries that are out of control, it's the addition of administrative, non-teaching people, most of whom are high salaried. Some part of that administrative burden falls out of federal regulations (e.g., monitoring student privacy, grant documentation, etc.), and part just because of empire building. That is, your prestige on campus is a function of the number of people who work for you.
Before you make blanket statements like the one above, check out the rate of change in teaching salaries, both total and average, and compare it to admin salaries.
The government loans are the problem.
Discontinue them and all the costs will go down. And the kids will work for education and degrees which are not junk degrees.
[and to continue your thought] ... because borrowing for student loans is out of control, because there is no self control.
The fastest and easiest way to bring spending under control is to 1) stop all government funding of education, and 2) stop all government funding of research.
“Student loans are out of control because tuition and housing are out of control because professor salaries are out of control.”
It’s liberal arts studies that are out of control. Every time a university adds another worthless liberal arts program, you have to staff it, build facilities to maintain it and deal with all the other costs associated with it.
Then they try to fix this by getting rid of good programs to support the bad. Eventually the college that once had a great reputation winds up as a welfare program. Look at Missouri for example.
Actually the proliferation of administrators and administrative salaries are out of control. Professor’s salaries are too high too, but they make up for that by hiring adjuncts from unemployed Ph.D. graduates and pay them peanuts.
There are obscene prof. salaries, but overall, I don’t think the majority of them are out of line. I think the staff / admin salaries are the real problem.
There are obscene prof. salaries, but overall, I don’t think the majority of them are out of line. I think the staff / admin salaries are the real problem.
no, tuition and housing are out of control because student loans are out of control.