5 ms·

A lot of that debt is funding bloated administrative costs and other overhead that doesn’t directly make for a “better” education, just a “more expensive” educa

A lot of that debt is funding bloated administrative costs and other overhead that doesn’t directly make for a “better” education, just a “more expensive” education. Fixing this problem starts with getting costs at universities under control. Taking on debt to fund education isn’t inherently bad, but having that debt back a bloated higher education sector is terrible.

wmeredith 9y ago
As I posted elsewhere in this thread... The majority cost increase (65%)[1] of higher education in the US over the last couple decades is due to a systematic defunding of government support for schools. It would be nice if we started investing in our country's education again. [1]2015 Study by the New York Federal Reserve - https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr733.pdf https://www.newyorkfed.org/medialibrary/media/research/staff...
- sorrymate 9y ago
  Unfortunately this is only the start. It seems Republicans have started a war on education. "a majority (58%) of Republicans say colleges and universities are having a negative effect on the way things are going in the country" We should be continuing to encourage higher education in addition to trade schools. Bachelor Degree holders, on average, earn a million dollars more during their life time than those who only have a high school diploma. Even if you are accounting for lost earning potential, cost of tuition, supplies etc... your still talking about hundreds of thousands of dollars more earned than if you were to not achieve a degree. Pew Research Poll http://www.people-press.org/2017/07/10/sharp-partisan-divisions-in-views-of-national-institutions/ http://www.people-press.org/2017/07/10/sharp-partisan-divisi... Figure 2A Lifetime Net Earnings by Education https://trends.collegeboard.org/sites/default/files/education-pays-2016-full-report.pdf https://trends.collegeboard.org/sites/default/files/educatio... Figure 1 Lifetime Earnings by Education https://www2.ed.gov/policy/highered/reg/hearulemaking/2011/collegepayoff.pdf https://www2.ed.gov/policy/highered/reg/hearulemaking/2011/c...
  - robocat 9y ago
    > hundreds of thousands of dollars more earned than if you were to not achieve a degree. But will that still hold as the percentage of people getting degrees rises? In the limit everyone gets a degree, and the average wage for a degree holder is the average wage.

wmeredith 9y ago

As I posted elsewhere in this thread... The majority cost increase (65%)[1] of higher education in the US over the last couple decades is due to a systematic defunding of government support for schools. It would be nice if we started investing in our country's education again. [1]2015 Study by the New York Federal Reserve - https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr733.pdf https://www.newyorkfed.org/medialibrary/media/research/staff...

sorrymate 9y ago
Unfortunately this is only the start. It seems Republicans have started a war on education. "a majority (58%) of Republicans say colleges and universities are having a negative effect on the way things are going in the country" We should be continuing to encourage higher education in addition to trade schools. Bachelor Degree holders, on average, earn a million dollars more during their life time than those who only have a high school diploma. Even if you are accounting for lost earning potential, cost of tuition, supplies etc... your still talking about hundreds of thousands of dollars more earned than if you were to not achieve a degree. Pew Research Poll http://www.people-press.org/2017/07/10/sharp-partisan-divisions-in-views-of-national-institutions/ http://www.people-press.org/2017/07/10/sharp-partisan-divisi... Figure 2A Lifetime Net Earnings by Education https://trends.collegeboard.org/sites/default/files/education-pays-2016-full-report.pdf https://trends.collegeboard.org/sites/default/files/educatio... Figure 1 Lifetime Earnings by Education https://www2.ed.gov/policy/highered/reg/hearulemaking/2011/collegepayoff.pdf https://www2.ed.gov/policy/highered/reg/hearulemaking/2011/c...
- robocat 9y ago
  > hundreds of thousands of dollars more earned than if you were to not achieve a degree. But will that still hold as the percentage of people getting degrees rises? In the limit everyone gets a degree, and the average wage for a degree holder is the average wage.