4 ms·

> sometimes more than 100K all told for a degree over several years Is it even possible to get a medical or law degree for less than 100k these days without ra

> sometimes more than 100K all told for a degree over several years Is it even possible to get a medical or law degree for less than 100k these days without rare scholarships and grants? Even a shorter 12 quarter program still runs around $11k a quarter. And even then the school can’t be bothered to pay for basic supplies and equipment you’re required to get, nor for the thousand-dollar licensing exams. And they still expect to get paid for that one quarter you go offsite to do unpaid work for some other provider to get real-world experience. What a racket. (It’s probably obviously I’m peeved about a specific case :p)

Ekaros 5y ago
Medicine I can kinda understand at least part of it. But law? That should be pretty cheap to provide. It doesn't change overly much and it is just books. You could probably video entire lecture series and just replay them... It is not like they need some sort of lab work with expensive equipment.
- HarryHirsch 5y ago
  In 2005, before the Great Recession there were plans at many universities to institute law schools, as you say the costs are low, you need a library and a bunch of lecturers, and you would have a profit center for the institution. Trouble is, there has been an oversupply of lawyers. Salary distribution is bimodal, biglaw pays entirely different than smalltown law, and with a degree from a random backwater it's guaranteed that you'll never make it into biglaw. Those plans would have been an invitation for students to get into debt that they'd never be able to repay. (We are seeing a re-run, this time with pharmacy schools.) Medicine is a cost center for universities, so medical degrees are expensive. But in a functioning society you need physicians, and no medical graduate with a choice will settle in rural Mississippi. What I'm saying here is that education as a market is not a good model to have.
andi999 5y ago
Is this a US centric question? Otherwise the answer is, yes of course.

Ekaros 5y ago

Medicine I can kinda understand at least part of it. But law? That should be pretty cheap to provide. It doesn't change overly much and it is just books. You could probably video entire lecture series and just replay them... It is not like they need some sort of lab work with expensive equipment.

HarryHirsch 5y ago
In 2005, before the Great Recession there were plans at many universities to institute law schools, as you say the costs are low, you need a library and a bunch of lecturers, and you would have a profit center for the institution. Trouble is, there has been an oversupply of lawyers. Salary distribution is bimodal, biglaw pays entirely different than smalltown law, and with a degree from a random backwater it's guaranteed that you'll never make it into biglaw. Those plans would have been an invitation for students to get into debt that they'd never be able to repay. (We are seeing a re-run, this time with pharmacy schools.) Medicine is a cost center for universities, so medical degrees are expensive. But in a functioning society you need physicians, and no medical graduate with a choice will settle in rural Mississippi. What I'm saying here is that education as a market is not a good model to have.

andi999 5y ago

Is this a US centric question? Otherwise the answer is, yes of course.