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This problem is caused by government funding of education. If students and/or parents were paying the tab or at least everything over the bare minimum , there'
by stretchwithme 16y ago
This problem is caused by government funding of education. If students and/or parents were paying the tab or at least everything over the bare minimum , there'd be a laser focus on value. But with other people picking up everything over a certain amount, there's no need to scrimp on amenities or prestige instead of getting the most education for the money.
Perverse incentives? Absolutely. But thats what government does best. It perverts incentives. It hides the costs and makes a big show of benefits, even ones that don't truly matter.
- yequalsx 16y agoGovernment funding per student has been decreasing and the amenities have been increasing.
- stretchwithme 16y agodamn. all things are supposed to happen properly in sequence. what could possibly have gone wrong. maybe you can share your data and we'll figure it out
- yequalsx 16y agoMy theory is that increases in tuition aren't immediately felt by students because we've come to a point where everyone is comfortable getting a student loan. Since you don't start paying on the loan right away the effect of the borrowing isn't immediately felt. This makes students more amenable to a frame of mind of just accepting tuition increases.
- stretchwithme 16y agoIt could also be that it takes years to build new athletic centers and research centers and less time for bubbles to pop and tax bases to evaporate.