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"Charge infinity for college" is the best way I've heard this put. If there is no pressure on a school to control costs then nothing will control costs.
by randogogogo 7y ago
"Charge infinity for college" is the best way I've heard this put. If there is no pressure on a school to control costs then nothing will control costs.
- harshreality 7y agoWhen studies come out that the present value of the lifetime earnings boost from a college degree has dropped below the cost of tuition, the media will run a series of stories, the next year's matriculation rates will collapse, and schools will panic. What happens next, I don't know, but that is certainly one thing that will control costs... eventually.
- breck 7y agoThis is a good point. I graduated college $50K in debt, and was in debt from age 18 - 30, but in the end going to the school I went to was worth it, compared to not going to that. However, this does not make it just. Education should provide you with a huge economic surplus. That's the natural order of things. It's very unnatural to say "I educated you, and now I hope to collect 99% of your economic bonus, but you will still be 1% better off so it's a good deal for you". That's called slavery.
- perl4ever 7y ago"It's very unnatural to say "I educated you, and now I hope to collect 99% of your economic bonus, but you will still be 1% better off so it's a good deal for you"" This seems to be a common attitude though, on the scale of one (developed) nation to another (developing) nation. That is, I'm thinking of the anger over "intellectual property theft".
- noonespecial 7y agoYou forgot step 2 where they graciously negotiate it down to everything you're ever going to earn.