3 ms·

It's funny how you bring up a great example to further my point. "After the GI Bill was instituted in the 1940s, a number of 'fly-by-night' vocational schools

It's funny how you bring up a great example to further my point. "After the GI Bill was instituted in the 1940s, a number of 'fly-by-night' vocational schools were created. Some of these for-profit colleges still target veterans, who are excluded from the 90-10 rule for federal funding. This loophole encourages for-profit colleges to target and aggressively recruit veterans and their families. Legislative efforts to close the 90-10 loophole have failed. According to the GI Bill Comparison Tool, the largest recipients of GI Bill Funds are University of Phoenix $190,941,289 ..." https://en.wikipedia.org/wiki/G.I._Bill#Colleges_that_target_veterans https://en.wikipedia.org/wiki/G.I._Bill#Colleges_that_target...

bumby 4y ago
Does this explain the fact that this pattern didn’t show up in the not-for-profit schools until much later? I’m not against the idea that govt subsidies raise prices, but it seems like cherry picking to fit a shaky model.[1] If it’s a primary factor, wouldn’t we see that across all schools? Perhaps there’s a different, more foundational cause and we’re being fooled by spurious correlation. If it isn’t applicable elsewhere I fail to see how it can be labeled a root cause. [1]For example, UofPhoenix was not founded until the late 1970s. This also corresponds to a handful of other societal factors can can be argued contributed to educational costs. If the GI Bill was primarily driving these costs, we should see it in the way the benefits were implemented. Like a high spike post WW2, to waning post Vietnam, to slightly higher with the Montgomery GI bill, to another spike with the post 9/11 GI Bill. But college tuition costs seem to be a fairly steady march higher, including not-for-profit non-vocational schools.

3 ms·

It's funny how you bring up a great example to further my point. "After the GI Bill was instituted in the 1940s, a number of 'fly-by-night' vocational schools

by bottlepalm 4y ago

bumby 4y ago
Does this explain the fact that this pattern didn’t show up in the not-for-profit schools until much later? I’m not against the idea that govt subsidies raise prices, but it seems like cherry picking to fit a shaky model.[1] If it’s a primary factor, wouldn’t we see that across all schools? Perhaps there’s a different, more foundational cause and we’re being fooled by spurious correlation. If it isn’t applicable elsewhere I fail to see how it can be labeled a root cause. [1]For example, UofPhoenix was not founded until the late 1970s. This also corresponds to a handful of other societal factors can can be argued contributed to educational costs. If the GI Bill was primarily driving these costs, we should see it in the way the benefits were implemented. Like a high spike post WW2, to waning post Vietnam, to slightly higher with the Montgomery GI bill, to another spike with the post 9/11 GI Bill. But college tuition costs seem to be a fairly steady march higher, including not-for-profit non-vocational schools.