8 ms·
Part of the problem is that the cost of college/university education has skyrocketed far faster than inflation [1]. With easy-to-get loans for students [2], uni
by Tangurena 18y ago
Part of the problem is that the cost of college/university education has skyrocketed far faster than inflation [1]. With easy-to-get loans for students [2], universities have no incentive to cut price increases. With the vast rise in adjuncts, they've cut back on the main reason for attending uni in the first place: the teachers.
Notes:
1 - Tuition and fees have been rising about 2x that of CPI (consumer price index is the number reported in the media as "inflation").
http://www.finaid.org/savings/tuition-inflation.phtml http://www.finaid.org/savings/tuition-inflation.phtml
2 - Student loans are easy to get because legislation made them impossible to discharge in bankruptcy. Federal subsidies to the lenders make them far more profitable than just about any other loan.