2 ms·
There aren’t that many art majors. There are a lot of business majors though, probably too many. In my country (belgium) the universities are mostly funded thr
by Joeri 8y ago
There aren’t that many art majors. There are a lot of business majors though, probably too many.
In my country (belgium) the universities are mostly funded through taxation. The government negotiates per-student reimbursement rates with the universities, different rates for different degrees. The average all-in cost of a student is around 12K euro per year, with the student paying 1K of that and the government providing the rest. The resulting education is of a quality matching good colleges in the U.S. at a fraction of the cost, while still paying faculty a decent wage. The catch is the heavy government involvement and price controls, this is counter to the U.S. philosophy of the role of government, which is why this system could never work there. Additionally, all-in tax rates are double those of the U.S. (also is used to provide universal healthcare), effectively nationalizing huge chunks of the economy.
The focus should be on bringing down tuition fees. Whether you pay for tuition in debt repayment or taxes, the result is the same. Arguably debt is fairer than taxes because every individual gets to choose whether they want to carry that burden.