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Ah, but the facts contradict ye. Look at private school tuitions. Look at the cost of daycare. They're not publicly subsidized, and they've risen just as fast a
by jklowden 10y ago
Ah, but the facts contradict ye. Look at private school tuitions. Look at the cost of daycare. They're not publicly subsidized, and they've risen just as fast as private college tuition.
You're also overlooking the rising value, and rising recognized value, of a college degree. Since 1979, only college-educated workers have seen median wages rise. A high school diploma earned a -27% real return over the same period. Is it any surprise young people are encouraged and willing to pay anything, anything for a shot at economic opportunity? (Further information at epi.org.)
The rise in public university tuition is largely explained by reduced subsidies. Year after year, states "hold the line" on higher education spending, leaving ever more of the cost to students (and students' families, of course). To the point that California famously once spent more on college than prisons, and now spends more on prisons than college.
- paulddraper 10y agoPrivate school tuition can be subsidized by federal student grants and loans as well. Grants and loans have been around for a long time. I'm not saying they're the cause of rising tuition. I'm saying increasing them wouldn't help. I agree that the value of a college degree has a lot to do with increased tuition costs. If the average person will earn more than a $1 million more over his lifetime for getting a college degree, even expensive college is still "a good deal".