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The accounting labels are different, but structurally what's going on here is as if college were publicly funded by progressive taxes, except that "unfortunatel
by closeparen 4y ago
The accounting labels are different, but structurally what's going on here is as if college were publicly funded by progressive taxes, except that "unfortunately" the cost tops out instead of scaling with income forever.
- s1artibartfast 4y agoIt is what happens when you have an unlimited demand more for services and cost controls. You can provide a world-class education in a bungalow or you can provide it in a marble Hall with a plethora of ancillary services and an army of Administrators to support them. If the consumers don't fit the bill, they will always opt for a more expensive service. Add and lies about return on investment and a healthy dose of fear of missing out, even those who have to take on debt to buy the service we'll go along with it