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Thread: The scary amount college will cost in the future

  1. #31
    Veteran Member bmanmcfly's Avatar
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    Quote Originally Posted by Neomalthusian View Post
    These figures inflation-adjusted?



    Then most public universities would fail for lack of customers.
    At which point they would drop prices until people would start signing on...

  2. #32
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    Quote Originally Posted by bmanmcfly View Post
    At which point they would drop prices until people would start signing on...
    Universities, Democrats, liberals and progressives often like to point to education costs as only rising because our austere government has decreased its expenditure on education. Avoided is the recent tendency of universities to add obscene numbers of administrative positions to their universities (e.g., we're going to be hiring a 4th and 5th Assistant to the Assistant to the Vice Provost position this year. Yay, job creation!). Federal investment in education has increased over the last half century a hell of a lot more than, say, military spending has, although state investment in education has varied. But universities have not made honest or adequate attempts to control costs, and where they have attempted to do so has often been by hiring adjuncts to teach for very low pay. But their penalty for this from those who pay (students and their families) has been nothing. There has been no penalty.

    So a few things continue to happen: universities continue expanding their administrative non-teaching staff, students and their families continue being willing to pay whatever it costs to send their kids there, and the number of people attending college continues to grow. In other words, the demand for college education appears to be extremely inelastic. The desire and willingness to attend, and not only pay ridiculous sums of money, but go into debt to pay those bills, does not decrease significantly when price increases, even significantly. This allows for waste. And it allows university leaders to pass along whatever costs they feel like to their students and their families, and if the paying customers moan about the cost increases, the administrators pivot their attention to government, and blame government (Republicans, usually) for not paying more of the bill with tax dollars. This allows them to simultaneously dodge responsibility for neglecting their cost control responsibilities while also politicizing their students' frustration with college's increasing unaffordability against the GOP in particular. This has been very clever and extremely effective.
    Last edited by Neomalthusian; 17th May 2018 at 06:07 PM.

  3. #33
    Spock of Vulcan Ian Jeffrey's Avatar
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    Quote Originally Posted by bmanmcfly View Post
    Philosophy is great if you are going to gamble on being an author or a professor....
    ... or going to law school.

    (P.S.: My undergraduate degree is not in Philosophy, which was my minor. My B.S. - I am aware of the irony, believe me - is in Political Science.)
    Last edited by Ian Jeffrey; 17th May 2018 at 06:21 PM.
    Thanks from Friday13 and MaryAnne

  4. #34
    Veteran Member bmanmcfly's Avatar
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    Quote Originally Posted by Ian Jeffrey View Post
    ... or going to law school.

    (P.S.: My undergraduate degree is not in Philosophy, which was my minor. My B.S. - I am aware of the irony, believe me - is in Political Science.)
    Taking side courses is a bit different... at least with law school, there is the intent.

    I graduated with 120 people in the same specialization of engineering, graduation day 14 had jobs... other years, the whole classes would have offers SOMEWHERE... most of the 14 had worked in the field beforehand.

  5. #35
    Member Claudius the God's Avatar
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    I would hire a Philosophy student any day. They know how to think. That is a precious commodity these days.

  6. #36
    Veteran Member MaryAnne's Avatar
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    Quote Originally Posted by bajisima View Post
    You would think so and that these increases cant happen but try to tell that to the boomers today who bought their little 1500 sq ft home in the early 70s for 20K and its now worth 300K. People are still buying. If you had told somebody that homes would cost that much back then, they would think the average American salary must be in the millions to afford that.
    We built our home in 1972. But it is all paper profit. You sell, buy another, same huge cost.

    BTW, houses are actually getting scarce in my area. They sell fast, but then you try to buy another.

    There is no way I would go through the building process again. Our old house sold the day after it went up for sale. Thanks to my constant remodeling. We had a time getting this one finished. They were putting finishing touches on as we moved in.

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