College: Cost too much?

[Jackson]

Perhaps college costs wouldn't be so high if universities didn't have so many REMEDIAL classes.

 

[NoNukes]

And taxpayers pick up the rest (probably at no bargain).

Education benefits all of society.

Gotta be more specific than that.

Only to people who are not too sharp.

 

[Unkotare]

Education benefits all of society.

Gotta be more specific than that.

Only to people who are not too sharp.

Instead of wasting your energy dodging, just say you have no point and leave it at that.

 

[NoNukes]

Gotta be more specific than that.

Only to people who are not too sharp.

Instead of wasting your energy dodging, just say you have no point and leave it at that.

I made a clear point to your poor one.

 

[Unkotare]

Only to people who are not too sharp.

Instead of wasting your energy dodging, just say you have no point and leave it at that.

I made a clear point to your poor one.

Actually make a point or run along. You're boring.

 

[NoNukes]

Instead of wasting your energy dodging, just say you have no point and leave it at that.

I made a clear point to your poor one.

Actually make a point or run along. You're boring.

You are pathetic, there is a good point.

 

[Unkotare]

I made a clear point to your poor one.

Actually make a point or run along. You're boring.

You are pathetic, there is a good point.

The kiddy table is over there, run along.

 

[NoNukes]

Actually make a point or run along. You're boring.

You are pathetic, there is a good point.

The kiddy table is over there, run along.

I accept your capitulation.

 

[Unkotare]

You are pathetic, there is a good point.

The kiddy table is over there, run along.

I accept your capitulation.

I should have said the dim-witted kiddy table is over there. Go sit down and shut the fuck up until you have something to say.

 

[psikeyhackr]

The kiddy table is over there, run along.

I accept your capitulation.

I should have said the dim-witted kiddy table is over there. Go sit down and shut the fuck up until you have something to say.

LOL Everybody is stupid but Unkotare.

psik

 

[Unkotare]

I accept your capitulation.

I should have said the dim-witted kiddy table is over there. Go sit down and shut the fuck up until you have something to say.

LOL Everybody is stupid but Unkotare.

psik

Nope, you're special.

 

[Luddly Neddite]

I recently saw a documentary about India. I didn't see all of it but what I did see showed the "state" paying for all education. They taught several languages as well as computer sciences and other forward thinking subject as part of a curriculum geared toward making their grads ready to compete on the world stage.

Meanwhile, the US whines "English only" and "socialism" and we fall further and further behind.

We are no longer Number One in the world and never will be again.

 

[Unkotare]

I recently saw a documentary about India. I didn't see all of it but what I did see showed the "state" paying for all education. They taught several languages as well as computer sciences and other forward thinking subject as part of a curriculum geared toward making their grads ready to compete on the world stage.

Meanwhile, the US whines "English only" and "socialism" and we fall further and further behind.

We are no longer Number One in the world and never will be again.

When does your boat to India depart? Don't be late.

 

[Dr.Traveler]

I'll do more research later, but I believe that is a wive's tale. Certainly big schools like Notre Dame and Penn State have "branded" themselves and make a lot of money for the school. But I believe they are the exceptoion, not the rule. And I'm not concerned about coaches making "six figure Rutgers coaches make 7.

I'd believed that too, but now I'm actually in academia I know that even at a school like mine where the athletic program isn't hugely popular the athletic programs are still fairly profitable. It'd be hard to track down general numbers though, as the schools are opaque on that issue intentionally and not all of the profits come from season tickets or merchandising. Some of the money comes from scheduling, and that's really hard to nail down figures for.

I know that in Louisiana we've faced massive budget cuts in higher ed, but I've yet to hear of any serious cuts to athletics. When pressed for why that's the case, it's almost always because the athletic program is bringing in more money than it takes out of the budget.

Check this out. I knew I had read this some where.

Big-time college sports — particularly big-time college football — is now an arms race in a world with no nonproliferation treaty. As confirmed by a series of reports from the National Collegiate Athletic Association, most college athletic programs lose money, and almost none of them makes money consistently. No wonder, then, that Rutgers President Richard McCormick acknowledges the athletic program will probably never make money.

Rutgers football: Big costs, few benefits | NJ.com

I'll check that out. It may be my school is an exception, as one of the truly big shocks I had coming on to campus was to learn that the athletic program as a whole was profitable enough to help support the University.... and our school isn't some Big Ten player. Thanks!

 

[chanel]

And of course, Rutgers is particularly bad. It's my alma mater. I used to contribute to the Alumni Assn. until I read a series of reports on the football program by the Star Ledger. It made my blood boil. Schiano is the highest paid public employee in the State of NJ - $2 mil. The girls' basketball coach makes close to a million.

This is from Bloomberg:

Rutgers University forgave $100,000 of the football coach’s interest-free home loan last year. The women’s basketball coach got monthly golf and car allowances. Both collected bonuses without winning a championship.

While Schiano’s compensation isn’t out of line among football coaches, it compares with an average of $142,000 for full professors, $96,000 for associate professors and $49,000 for nontenure-track instructors, according to the professors union.

Meanwhile, the history department took away professors’ desk phones to save money and shrank its doctoral program by 25 percent. After funding cuts by the deficit-strapped Legislature, New Jersey’s state university froze professors’ salaries, cut the use of photocopies for exams and jacked up student tuition, housing and other fees.

Rutgers also increased funding for sports. The 245-year-old school spent more money on athletics than any other public institution in the six biggest football conferences during the 2009-2010 fiscal year, based on data compiled by Bloomberg. More than 40 percent of sports revenue came from student fees and the university’s general fund.

Rutgers Athletics Grow at Expense of Academics Unlike at Texas - Bloomberg

 

[ggiindia]

Effectively the cost unnatural according to position of that. You can post here some others study referrals.

 

[logansmith]

This is right that the education prize in college is too high then school .The cost of one top-tier private college is $200,000 over four years. I am extremely skeptical that the extra $200k is worth it over the long-run and it is the matter of getting worry about to provide education in the society to our child in future.

 

[Unkotare]

And...you are talking about college in what country?

 

[PrometheusBound]

Mama, don't let your babies grow up to be lawyers. Financially, it's not worth it unless you go to a top tier school and get hired by a big Wall Street firm.

y undertaking some straight-forward analysis of the factors that come into play I hope to spur future generations of potential law school attendees to think about the question rationally, as one of making an investment. If your law school education were a stock or a bond, offered in the marketplace, would you buy it? Should you buy it? Why or why not

My methodology is as follows. First, I identify the costs of attending law school. These are two: the opportunity cost of not entering the workforce immediately after graduation from college, and the out-of-pocket costs, primarily tuition, fees and books, inherent in attending law school. Based on these costs, I calculate the annuity-like return that must be achieved to recover the costs. This process is more complicated that it might seem, as it importantly requires isolation of the true benefits in terms of compensation offered by a law degree and the identification of an appropriate discount rate for converting such incremental compensation to net present value. ...

Suppose we convince ourselves that 17% is the appropriate discount rate for the incremental earnings generated by a law degree. Then Solid Performer would need to expect to earn, on average, $33,121 more in his first year of legal employment than he would have earned had he not gone to law school. Given that his hurdle compensation is $80,035, it follows that he must expect to earn $113,156 in his first year. Moreover, the $33,121 wage differential would need to be maintained, and indeed increased at a rate of 3.5% per annum, throughout the remainder of his career. ...

For the Class of 2008, the last year for which statistics were available, the median salary of a fledgling lawyer was $72,000. That salary obviously does not stack up very well against the required salaries set forth in my table. But that median salary tells a hopelessly deceptive story. The distribution of salaries was in fact bi-modal, with fully 42% of salaries falling between $40,000 and $65,000, and a smaller but still very significant number clustered at the elite Biglaw starting salary of $160,000. ...

With the tiniest bit of twenty-twenty hindsight, it is possible to identify, already in the third year of law school, some of the students who have made what has turned out to be not only an ex ante bad investment but an ex post losing investment. Thus, consider the 50% of hypothetical Solid Performers who do not end up with a job offer from a Biglaw firm. They begin their legal careers at a salary that is no higher, indeed is actually lower, than the one they could have obtained without having gone to law school. They are unlikely ever to dig themselves out of that hole.

Mamas Don't Let Your Babies Grow Up To Be...Lawyers by Herwig Schlunk :: SSRN

I read somewhere that law school applications have been dropping.

Glad you at least mentioned opportunity costs. The childish, depressing, and insulting collegiate indentured servitude means lawyers didn't earn a living until they were 25, which unnatural sacrifice turns them into bitter, vindictive and greedy zombies.

 

[PrometheusBound]

Maybe we should have colleges and universities like they do in China. Completely free. There are no fluffy courses. No social study programs, just hard core education. And, you do not get to fail. Failure is not an option. There is no partying, no drinking, no sex, no drugs. Fun seekers and failures have a different employment for them. After all, you don't think anyone really applies for those factory jobs, do you?

Unnatural, depressing, and insulting self-sacrifice creates zombies. That's why Red China has always been an ant colony.