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I'm curious about your opinion of the states' decisions to reduce funding for public universities. Neither the state collectively, non-parent residents of the
by mcguire 3y ago
I'm curious about your opinion of the states' decisions to reduce funding for public universities.
Neither the state collectively, non-parent residents of the state, nor the in-state parents get any future economic reward for funding higher education if the student leaves the state, so reducing the state's costs in that regard seems rational.
But that reduction in funding was part of the rise of the student loan industry, which subsequently seems to have completely deranged higher education funding.
- carlosjobim 3y agoWhat is the reason to have higher education organized by geography instead of by industry? Shouldn't the medical industry be responsible for medical education, for example? Then you don't have a state or a city wasting investment on a student who will bail, and you don't have students who are disadvantaged for being born in the wrong state or city.
- mcguire 3y agoThe short answer is "history". A longer answer is that I suspect it's a bad idea in the long term. For one thing, I don't see how you wouldn't have "students who are disadvantaged for being born in the wrong state".
- thfuran 3y ago>Neither the state collectively, non-parent residents of the state, nor the in-state parents get any future economic reward for funding higher education if the student leaves the state That seems to presuppose that the students don't benefit from the education and/or there's no interstate commerce.
- mcguire 3y agoThe students benefit, but are now in San Francisco looking for a MTFAANG job. I'll admit neglecting interstate commerce as a second order effect.