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Are there any studies that look at the costs of tuition compared to the rise in freely available equivalent information? I wonder if this is common in other ma
by matt_s 9y ago
Are there any studies that look at the costs of tuition compared to the rise in freely available equivalent information?
I wonder if this is common in other markets where the companies recognize that a lot of their business is commoditized so they keep raising prices to help offset potential losses.
I don't think student loans can collapse like mortgages because there isn't property involved. However, if there is a collapse in higher education in general - a sort of wave where people realize it is not worth it financially and enrollments drop dramatically, that would cause ripple effects in the economy.
- carlmr 9y agoThe problem isn't what you learn, it's whether you can show the piece of paper proving you learned it. I learned most of my undergrad education on my own at home from the books suggested. My education cost me time + the price of the books. However to get the exams, grades and piece of paper in the end, it costs a lot of money. If we could decouple certification/exams from private institutions, autodidactic people could get their Bachelor's degree almost for free. For Master and PhD degrees I guess the point is more to do research.