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Yes, thank you. The OP analysis is terribly naive. Nameplate tuition has little relationship to what actual students pay. The net data from the college board
by secabeen 3y ago
Yes, thank you. The OP analysis is terribly naive. Nameplate tuition has little relationship to what actual students pay. The net data from the college board is much better, and shows that actual tuition paid at many schools is flat over the past decade.
The OP also barely acknowledges the huge reductions in state funding for higher ed. In the 60s California paid 100% of educational costs for students. It's now down below 40%. Tuition has gone up to close the gap.
https://fivethirtyeight.com/features/fancy-dorms-arent-the-main-reason-tuition-is-skyrocketing/ https://fivethirtyeight.com/features/fancy-dorms-arent-the-m...
> Long-term, controlling the underlying cost of higher ed itself is an imperative.
Nothing in the OPs analysis supports any increase in the underlying cost of higher ed. While there may be some, it's well well below the nameplate tuition increases. Here's the best data I have on expenditures by college on a per Full-Student basis, and they are nowhere near what the OP is claming: https://nces.ed.gov/programs/digest/d20/tables/dt20_334.10.asp https://nces.ed.gov/programs/digest/d20/tables/dt20_334.10.a...
Lastly, while the argument for some student debt relief is a good one, and his points are well made, the correct policy is Biden's, a universal reduction in debt in the $20-30k range. This gives all students some relief, but doesn't give a regressive windfall relief to doctors, lawyers and other professional students with good career prospects and six-figure debt.