8 ms·

I can only provide anecdotal evidence. I come from a poor family and studied in India in a government university by paying $20/year. The cost of providing that

I can only provide anecdotal evidence. I come from a poor family and studied in India in a government university by paying $20/year. The cost of providing that education was estimated at $1000/year and private universities used to charge as much. If the government had not provided that subsidy, I would not have taken a loan to the tune of $1000/year because that would have been too risky. I would have opted for the less risky option of herding cows. Fast forward 15 years, I worked in a research lab and in 2009 I paid more than $12000 in income tax alone. I also created more employment by spending the money I earned. The government got a great return on its investment and it can now fund the education of more people -- a virtuous cycle. Almost half my class was in a similar situation and most of them are doing good.

xixixao 12y ago
It's not so much anecdotal as circumstantial. If everyone was taking the loan, you probably would too. It is the same in England, were students took loans for 3,5k pounds a year and now even 9k a year. Now I am not saying that the British system is the ideal (pros and cons) but I can certainly provide some more anecdotal evidence of many people who study for free (in the Czech Republic) and are basically wasting the system resources (both in terms of taking up spaces in classes and having the tax status of a student). But possibly even better argument for tuition is the level of funding for universities. It certainly seems greater in tuition based systems (I know the US and UK one) vs government sponsored one (like the Czech one).
- JoeAltmaier 12y ago
  Maybe a free education, but add a screening process to measure the psychology of the student, help choose a profession or trade that will not be a waste of their time.
  - warfangle 12y ago
    University should not be trade or professional school.
    - JoeAltmaier 12y ago
      Right; to be clear, Instead of University students could be directed to a trade or profession that would suit them better (than wasting everyone's time in a four-year institution)
      - deleted 12y ago
        [deleted]
      - sean-duffy 12y ago
        I think you've completely missed the point of what university is for. University is to study something you're passionate about at a high level, it isn't neccesstily a gateway to a job. There are plenty of people who study something such as art or history but then never go into careers in any way related to those. Dictating people's university choices is a terrible idea.
        ibebrett 12y ago
        Right but a huge amount of students are taking loans (because they cant afford school at the moment) for college so they can pay it back when they have increased job prospects. It doesnt make sense to spend 60K on school if you will never be able to pay it back.
        warfangle 12y ago
        Very true. We held up 'having a bachelors degree' as a requirement for getting a job, no matter what the job is. It's a way of narrowing the applicant pool. And it completely distorted the purpose of university. IMHO, everyone who qualifies academically should have the opportunity to - free of charge - go to university. It raises the level of cultural discourse. On the other hand, trade schools are completely stigmatized in this country - and many of them are simply scams that don't do a very good job at training you at all (see: ECPI). Post-secondary education in the USA is completely ass backwards, with conflicting priorities, an upside down profit motive, and a cultural perception of either being absolutely necessary or absolutely lib'rul and evil intellectualism that's-a destroyin' amurka.
  - thro1237 12y ago
    This is true. I had to clear an 'entrance examination' to prove my aptitude in engineering. But the problem is the people who would benefit the most from free education (at the lower social/income strata) will most likely have poor aptitude for high-income potential professions as well, because of poor primary and secondary schools they would have had access to. I know that some institutes take such students and provide one year of remedial education before providing an engineering education. They will take one more year to graduate, but overall a win-win situation.
    - Roboprog 12y ago
      Do they have the problem of vastly differential funding between local schools in 21st century Germany?
      - seanflyon 12y ago
        In the US some public schools are vastly better than others even when they receive similar funding. Quality of the local schools is a significant factor in home prices.
        aidenn0 12y ago
        As an example, I saved about 20% on my house by buying in the zone for a lower-quality school.
      - ajmurmann 12y ago
        Not when I grew up ~10 years ago
    - deleted 12y ago
      [deleted]
  - gress 12y ago
    You mean like in the movie, Divergent?
    - ctdonath 12y ago
      Nope. Divergent's screening process involved bloodletting to choose a career path, then an aggressive testing process where those who fail were cast outside polite society with zero chance of ever pursuing any other options.
      - 0xFFC 12y ago
        I am from Iran and we have something similar to what you say ! believe me ! this doesnt work ! this is complete disaster (if you were in Iran you could understand what I am talking about , most people simply hate what they chose )! most people don't like what they chose ! and changing path have so many consequence , thus no one actually go for changing its branch/path!
  - chenelson 12y ago
    Why should the king dictate what Who does with their time?
    - ajmurmann 12y ago
      Well, it's not the king but the government representing the people who are paying the bills.
      - chenelson 12y ago
        I see, thanks for clarifying. Perhaps you can use your superior education to explain when and where the terms "right" and "left" were defined; and then help me understand how liberalization of education and training over time has been counterproductive to society.
        deleted 12y ago
        [deleted]
  - ajmurmann 12y ago
    In Germany you can in theory study anything you want if you have a high school/Gymnasium degree. However, places are limited and they are given out based on your GPA. Every semester you wait for a spot your GPA gets lowered for the purpose of this calculation. So if you have bad grades and want to study psychology you might have to wait 10 years. So either you are a great student or you are super dedicated. I think this is a decent filter.
    - SebastianMerz 12y ago
      Should probably add that in Germany lower GPA is better. So longer wait = higher priority.
    - Tomte 12y ago
      > However, places are limited and they are given out based on your GPA That's mostly a thing of the past and almost only applicable to human medicine anymore. Today universities are free to set their own admission standards and procedures, and while school grades play a big role in it, you have realistic chances to get in based on some other measure of merit. Or even luck in a lottery.
  - anentropic 12y ago
    what an awful idea maybe measure the shape of their head too, save time and send them straight to jail if they have criminal phrenology
- bovermyer 12y ago
  That seems like a really low amount to pay for tuition. In the US, many universities charge upwards of $20,000 per year, some as high as $100,000 a year.
  - pkill17 12y ago
    Are you going to cite facts to back up your claims of a $100,000 university? You roughly doubled the tuition, room and board, and required fees of NYU, commonly cited as the most expensive private U.S. university.
    - boydjd 12y ago
      Well, an MBA from Stanford is $100,000 per year. http://www.gsb.stanford.edu/programs/mba/financial-aid/cost-summary http://www.gsb.stanford.edu/programs/mba/financial-aid/cost-... Yale cost of attendance for undergrad is $63,250 per year. http://admissions.yale.edu/faq/what-current-tuition-yale http://admissions.yale.edu/faq/what-current-tuition-yale
- thro1237 12y ago
  This is my exactly my point. In the US, many students take an educational loan -- but, I would argue that most students in the lower social strata (e.g. African Americans whose parents have not had the benefit of college education) still think consider it a risky option and that 'it is not for them'. And those who graduate after a student loan are forced to take suboptimal choices (because now they have to pay back that loan). Also, I don't understand why a university education has to be so expensive -- you can get great content through MOOCs. If you can somehow combine that with mentoring (from senior students), you can easily provide low cost, high quality education to those who need it.
  - k-mcgrady 12y ago
    >> "consider it a risky option" In the UK system there is no risk. You only have to pay back the loan (form the government) when you are earning over a certain amount per year. It is taken directly from your salary like other taxes. If you never earn enough money you never have to pay it back. If you choose to live and work abroad you don't have to pay either.
    - sillysaurus3 12y ago
      In the US, it's very risky. If you default on your loan, your credit will be terrible, and your credit determines the quality of your life. It determines what house you can get and whether you can get internet service. You have to pay your loan regardless of whether you have a job or not, or whatever your financial condition is. Exceptions can be made (you go through a loan handler, so it's whatever they say) but overall it's a risk. It's just a risk that pays off for most people. That UK system sounds pretty wonderful.
      - jcampbell1 12y ago
        The US has a similar system to the UK called Income Based Repayment. It is not the default option, but I think it works similarly in principle.
        12y ago
- tomp 12y ago
  > but I can certainly provide some more anecdotal evidence of many people who study for free (in the Czech Republic) and are basically wasting the system resources (both in terms of taking up spaces in classes and having the tax status of a student). That's more of an anecdotal evidence of a shitty public university system. I don't know how it works in the Czech Republic other than from your comment, but in Slovenia, it's extremely wasteful, even though it doesn't need to be. The primary issue is that students have awesome tax and other financial benefits. First, you don't pay tax for (I'm not completely sure, but lets say) more than the minimum wage as a student. Then, you get subsidized food (lunch coupons), free healthcare (as long as one of your parents is employed) and lots of benefits with private companies (I had a bank card that allowed me free withdrawals anywhere in the EU, even in a different currency). Personally, I don't see an issue with free healthcare (I think it should be free for everyone, as it is in the UK), but tax breaks and lunches are a unnecessary benefit. This issue is exploited by "perpetual students" - basically, there is no incentive, nor requirement, that you finish your studies "in time". The only limit is that you can have the student status until you're 26 years old, so many people stretch their studies beyond what's necessary and work for private businesses, gaining experience and not being taxed, for several years before they complete the last exams and graduate. (Then they complain that they can't get a job, because all the businesses prefer to hire students, because they're cheaper). If education was free, but you were required to finish on time and there were no tax benefits of being a student, the system would waste much less money. To reduce the cost even more, the government could automatically give you a "nominal loan" that was automatically canceled when you finish your study, so only people who study and don't finish would have to pay, and you'd also have to pay for any additional years you need (e.g. if you fail a year).
  - pizza234 12y ago
    > To reduce the cost even more, the government could automatically give you a "nominal loan" that was automatically canceled when you finish your study, so only people who study and don't finish would have to pay, and you'd also have to pay for any additional years you need Watch out; independently of being an effective idea or not, this would create a strong incentive for extensive corruption.
  - 12y ago
MarkMc 12y ago
> I would not have taken a loan to the tune of $1000/year because that would have been too risky. I would have opted for the less risky option of herding cows. What if the loan repayments were a percentage of your salary, rather than a fixed rate? I wonder why these types of loans aren't offered...
- sanderjd 12y ago
  Do you mean the monthly payments or the total payment? They offer salary-adjusted monthly payments (in the U.S. at least), but obviously you pay (a lot) more in interest that way and usually end up indentured to the loan for nearly your entire working life.
  - whatusername 12y ago
    barring recent changes -- the system in Australia worked quite well. For government subsidized university places (read - most places for Australian students) - tuition amounts were capped at specific levels. These could be deferred by All students on a loan - that charges CPI (Inflation) as it's interest rate. Repayment kicks in once the student earns a certain level - and goes up as a % depending on their income.
h43k3r 12y ago
I agree with you.Today, IITs (best engineering universities in india) for example have fees no more than $1000 per semester. Many of my classmates who are from relatively poor background are able to study without worrying about loans and and many of them are doing very well in their careers.
- notahacker 12y ago
  Poor relative to whom? India's nominal GDP per capita is GDP $1570 per annum.
  - MarkMc 12y ago
    Yes but IIT graduate salary is typically around $10,000 per annum. Doesn't that allow even the poorest students to get a student loan?

xixixao 12y ago

It's not so much anecdotal as circumstantial. If everyone was taking the loan, you probably would too. It is the same in England, were students took loans for 3,5k pounds a year and now even 9k a year. Now I am not saying that the British system is the ideal (pros and cons) but I can certainly provide some more anecdotal evidence of many people who study for free (in the Czech Republic) and are basically wasting the system resources (both in terms of taking up spaces in classes and having the tax status of a student). But possibly even better argument for tuition is the level of funding for universities. It certainly seems greater in tuition based systems (I know the US and UK one) vs government sponsored one (like the Czech one).

JoeAltmaier 12y ago
Maybe a free education, but add a screening process to measure the psychology of the student, help choose a profession or trade that will not be a waste of their time.
- warfangle 12y ago
  University should not be trade or professional school.
  - JoeAltmaier 12y ago
    Right; to be clear, Instead of University students could be directed to a trade or profession that would suit them better (than wasting everyone's time in a four-year institution)
    - deleted 12y ago
      [deleted]
    - sean-duffy 12y ago
      I think you've completely missed the point of what university is for. University is to study something you're passionate about at a high level, it isn't neccesstily a gateway to a job. There are plenty of people who study something such as art or history but then never go into careers in any way related to those. Dictating people's university choices is a terrible idea.
      - ibebrett 12y ago
        Right but a huge amount of students are taking loans (because they cant afford school at the moment) for college so they can pay it back when they have increased job prospects. It doesnt make sense to spend 60K on school if you will never be able to pay it back.
        warfangle 12y ago
        Very true. We held up 'having a bachelors degree' as a requirement for getting a job, no matter what the job is. It's a way of narrowing the applicant pool. And it completely distorted the purpose of university. IMHO, everyone who qualifies academically should have the opportunity to - free of charge - go to university. It raises the level of cultural discourse. On the other hand, trade schools are completely stigmatized in this country - and many of them are simply scams that don't do a very good job at training you at all (see: ECPI). Post-secondary education in the USA is completely ass backwards, with conflicting priorities, an upside down profit motive, and a cultural perception of either being absolutely necessary or absolutely lib'rul and evil intellectualism that's-a destroyin' amurka.
- thro1237 12y ago
  This is true. I had to clear an 'entrance examination' to prove my aptitude in engineering. But the problem is the people who would benefit the most from free education (at the lower social/income strata) will most likely have poor aptitude for high-income potential professions as well, because of poor primary and secondary schools they would have had access to. I know that some institutes take such students and provide one year of remedial education before providing an engineering education. They will take one more year to graduate, but overall a win-win situation.
  - Roboprog 12y ago
    Do they have the problem of vastly differential funding between local schools in 21st century Germany?
    - seanflyon 12y ago
      In the US some public schools are vastly better than others even when they receive similar funding. Quality of the local schools is a significant factor in home prices.
      - aidenn0 12y ago
        As an example, I saved about 20% on my house by buying in the zone for a lower-quality school.
    - ajmurmann 12y ago
      Not when I grew up ~10 years ago
  - deleted 12y ago
    [deleted]
- gress 12y ago
  You mean like in the movie, Divergent?
  - ctdonath 12y ago
    Nope. Divergent's screening process involved bloodletting to choose a career path, then an aggressive testing process where those who fail were cast outside polite society with zero chance of ever pursuing any other options.
    - 0xFFC 12y ago
      I am from Iran and we have something similar to what you say ! believe me ! this doesnt work ! this is complete disaster (if you were in Iran you could understand what I am talking about , most people simply hate what they chose )! most people don't like what they chose ! and changing path have so many consequence , thus no one actually go for changing its branch/path!
- chenelson 12y ago
  Why should the king dictate what Who does with their time?
  - ajmurmann 12y ago
    Well, it's not the king but the government representing the people who are paying the bills.
    - chenelson 12y ago
      I see, thanks for clarifying. Perhaps you can use your superior education to explain when and where the terms "right" and "left" were defined; and then help me understand how liberalization of education and training over time has been counterproductive to society.
      - deleted 12y ago
        [deleted]
- ajmurmann 12y ago
  In Germany you can in theory study anything you want if you have a high school/Gymnasium degree. However, places are limited and they are given out based on your GPA. Every semester you wait for a spot your GPA gets lowered for the purpose of this calculation. So if you have bad grades and want to study psychology you might have to wait 10 years. So either you are a great student or you are super dedicated. I think this is a decent filter.
  - SebastianMerz 12y ago
    Should probably add that in Germany lower GPA is better. So longer wait = higher priority.
  - Tomte 12y ago
    > However, places are limited and they are given out based on your GPA That's mostly a thing of the past and almost only applicable to human medicine anymore. Today universities are free to set their own admission standards and procedures, and while school grades play a big role in it, you have realistic chances to get in based on some other measure of merit. Or even luck in a lottery.
- anentropic 12y ago
  what an awful idea maybe measure the shape of their head too, save time and send them straight to jail if they have criminal phrenology
bovermyer 12y ago
That seems like a really low amount to pay for tuition. In the US, many universities charge upwards of $20,000 per year, some as high as $100,000 a year.
- pkill17 12y ago
  Are you going to cite facts to back up your claims of a $100,000 university? You roughly doubled the tuition, room and board, and required fees of NYU, commonly cited as the most expensive private U.S. university.
  - boydjd 12y ago
    Well, an MBA from Stanford is $100,000 per year. http://www.gsb.stanford.edu/programs/mba/financial-aid/cost-summary http://www.gsb.stanford.edu/programs/mba/financial-aid/cost-... Yale cost of attendance for undergrad is $63,250 per year. http://admissions.yale.edu/faq/what-current-tuition-yale http://admissions.yale.edu/faq/what-current-tuition-yale
thro1237 12y ago
This is my exactly my point. In the US, many students take an educational loan -- but, I would argue that most students in the lower social strata (e.g. African Americans whose parents have not had the benefit of college education) still think consider it a risky option and that 'it is not for them'. And those who graduate after a student loan are forced to take suboptimal choices (because now they have to pay back that loan). Also, I don't understand why a university education has to be so expensive -- you can get great content through MOOCs. If you can somehow combine that with mentoring (from senior students), you can easily provide low cost, high quality education to those who need it.
- k-mcgrady 12y ago
  >> "consider it a risky option" In the UK system there is no risk. You only have to pay back the loan (form the government) when you are earning over a certain amount per year. It is taken directly from your salary like other taxes. If you never earn enough money you never have to pay it back. If you choose to live and work abroad you don't have to pay either.
  - sillysaurus3 12y ago
    In the US, it's very risky. If you default on your loan, your credit will be terrible, and your credit determines the quality of your life. It determines what house you can get and whether you can get internet service. You have to pay your loan regardless of whether you have a job or not, or whatever your financial condition is. Exceptions can be made (you go through a loan handler, so it's whatever they say) but overall it's a risk. It's just a risk that pays off for most people. That UK system sounds pretty wonderful.
    - jcampbell1 12y ago
      The US has a similar system to the UK called Income Based Repayment. It is not the default option, but I think it works similarly in principle.
      - 12y ago
tomp 12y ago
> but I can certainly provide some more anecdotal evidence of many people who study for free (in the Czech Republic) and are basically wasting the system resources (both in terms of taking up spaces in classes and having the tax status of a student). That's more of an anecdotal evidence of a shitty public university system. I don't know how it works in the Czech Republic other than from your comment, but in Slovenia, it's extremely wasteful, even though it doesn't need to be. The primary issue is that students have awesome tax and other financial benefits. First, you don't pay tax for (I'm not completely sure, but lets say) more than the minimum wage as a student. Then, you get subsidized food (lunch coupons), free healthcare (as long as one of your parents is employed) and lots of benefits with private companies (I had a bank card that allowed me free withdrawals anywhere in the EU, even in a different currency). Personally, I don't see an issue with free healthcare (I think it should be free for everyone, as it is in the UK), but tax breaks and lunches are a unnecessary benefit. This issue is exploited by "perpetual students" - basically, there is no incentive, nor requirement, that you finish your studies "in time". The only limit is that you can have the student status until you're 26 years old, so many people stretch their studies beyond what's necessary and work for private businesses, gaining experience and not being taxed, for several years before they complete the last exams and graduate. (Then they complain that they can't get a job, because all the businesses prefer to hire students, because they're cheaper). If education was free, but you were required to finish on time and there were no tax benefits of being a student, the system would waste much less money. To reduce the cost even more, the government could automatically give you a "nominal loan" that was automatically canceled when you finish your study, so only people who study and don't finish would have to pay, and you'd also have to pay for any additional years you need (e.g. if you fail a year).
- pizza234 12y ago
  > To reduce the cost even more, the government could automatically give you a "nominal loan" that was automatically canceled when you finish your study, so only people who study and don't finish would have to pay, and you'd also have to pay for any additional years you need Watch out; independently of being an effective idea or not, this would create a strong incentive for extensive corruption.
- 12y ago

MarkMc 12y ago

> I would not have taken a loan to the tune of $1000/year because that would have been too risky. I would have opted for the less risky option of herding cows. What if the loan repayments were a percentage of your salary, rather than a fixed rate? I wonder why these types of loans aren't offered...

sanderjd 12y ago
Do you mean the monthly payments or the total payment? They offer salary-adjusted monthly payments (in the U.S. at least), but obviously you pay (a lot) more in interest that way and usually end up indentured to the loan for nearly your entire working life.
- whatusername 12y ago
  barring recent changes -- the system in Australia worked quite well. For government subsidized university places (read - most places for Australian students) - tuition amounts were capped at specific levels. These could be deferred by All students on a loan - that charges CPI (Inflation) as it's interest rate. Repayment kicks in once the student earns a certain level - and goes up as a % depending on their income.

h43k3r 12y ago

I agree with you.Today, IITs (best engineering universities in india) for example have fees no more than $1000 per semester. Many of my classmates who are from relatively poor background are able to study without worrying about loans and and many of them are doing very well in their careers.

notahacker 12y ago
Poor relative to whom? India's nominal GDP per capita is GDP $1570 per annum.
- MarkMc 12y ago
  Yes but IIT graduate salary is typically around $10,000 per annum. Doesn't that allow even the poorest students to get a student loan?