- Moderator
- #21
Wait, you are suggesting socialism? Thats totally un-republican of you!!! BOO THIS MAN!!!!
Hardly. I am suggesting anyone who wants an education doesn't getting classrooms or teachers or grants do so.
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Wait, you are suggesting socialism? Thats totally un-republican of you!!! BOO THIS MAN!!!!
Sounds like a great idea to me. All government subsidies have done is increase the cost of higher education at more than 4X the rate of inflation.
Citation needed.
Govt subsidies increase the cost of a college education? Please explain how that works.
Sounds like a great idea to me. All government subsidies have done is increase the cost of higher education at more than 4X the rate of inflation.
Citation needed.
you need a citation for basic economics?
Govt subsidies increase the cost of a college education? Please explain how that works.
Absolutely. When you subsidize something you get more of it. Do you realize how much money you can get in student loans? I just finished my Master's Degree back in December and I owe $70k in student loans and I didn't even take near the maximum that I could.
Nothing is bringing down the cost of education because the government will lend you just about what ever you need to go. Hence, universities can and do continue to raise their tuition every year. Watch. College education will be the next housing bubble. I've already read more than a few articles over the past couple of years that the cost of a college education is nearing the point where the benefits are no longer worth it.
If the government would cut back on the amount of loans it will give, less people will be able to afford to go. That will cause the universities to start losing money so they will have to bring down the cost of tuition in order to increase their student body numbers again. Universities are no different than a business.
Govt subsidies increase the cost of a college education? Please explain how that works.
Absolutely. When you subsidize something you get more of it. Do you realize how much money you can get in student loans? I just finished my Master's Degree back in December and I owe $70k in student loans and I didn't even take near the maximum that I could.
Nothing is bringing down the cost of education because the government will lend you just about what ever you need to go. Hence, universities can and do continue to raise their tuition every year. Watch. College education will be the next housing bubble. I've already read more than a few articles over the past couple of years that the cost of a college education is nearing the point where the benefits are no longer worth it.
If the government would cut back on the amount of loans it will give, less people will be able to afford to go. That will cause the universities to start losing money so they will have to bring down the cost of tuition in order to increase their student body numbers again. Universities are no different than a business.
So only rich people can go to school, then what is the incentive for a poor person to work hard if they can't afford a bachelors degree to make more money. So why try hard in school if they can't get any financial aid to support their education. Oh and yeah no defense spending cuts, even though we have enough weapons to blow up any country in 3 hours at worst. But NOOOOOO cut our people's means to better themselves.
So now people aren't making more money, meaning they spend less meaning business can't keep employees in their company, lays them off, more people become unemployed, can't afford to buy stuff, our economy collaspes.
People need to have the opportunity to have an education. Our economy depends on it. I mean its great for the republican party, its a known fact that less educated people vote Republican, but just like when you vote Republican, its very bad for our country's future.
Govt subsidies increase the cost of a college education? Please explain how that works.
Absolutely. When you subsidize something you get more of it. Do you realize how much money you can get in student loans? I just finished my Master's Degree back in December and I owe $70k in student loans and I didn't even take near the maximum that I could.
Nothing is bringing down the cost of education because the government will lend you just about what ever you need to go. Hence, universities can and do continue to raise their tuition every year. Watch. College education will be the next housing bubble. I've already read more than a few articles over the past couple of years that the cost of a college education is nearing the point where the benefits are no longer worth it.
If the government would cut back on the amount of loans it will give, less people will be able to afford to go. That will cause the universities to start losing money so they will have to bring down the cost of tuition in order to increase their student body numbers again. Universities are no different than a business.
I dunderstand your angle but in business are things not cheaper in volume than smaller amounts?
the price of gas goes down as our consumption does?
The law of supply and demand is often violated.
you need a citation for basic economics?
Govt subsidies increase the cost of a college education? Please explain how that works.
Government has distorted the education market in a very similar manner that it did the housing market. There have been a great many commentaries and articles lately about the higher education bubble. I recall one very telling stat in one of them.
Up until the 1980s, the lifetime increase in income for having a BA degree was approximately $1M. IOW, if one had a BA, one would expect to earn an additional $1M of income over the course of one's career. The net present value of that $1M was $200K.
And now, BAs cost $200K at many universities, with no corresponding increase in lifetime earning power. The education industry has sucked out all of the financial returns. The money hasn't gone into improving class room instruction. It has gone into administration (compliance with Federal Regs) and lifestyle amenities (gyms, pools, fancy dorms).
How was this accomplished? By giving massive student loans to 18 year olds (who have no demonstrable ability to repay such loans) with the government making sure that such loans cannot be discharged in bankruptcy. The result: film and ethnic studies majors graduating with six figure debt, no real career prospects, a life time of making minimum payments with no way to save for a house, raise children, and prepare for retirements.
It's shameful.
Use a search engine and find some articles. There are quite a few.
Glenn Reynolds: Higher education's bubble is about to burst | Glenn Harlan Reynolds | Op Eds | Washington Examiner
Will Higher Education Be the Next Bubble to Burst? - Commentary - The Chronicle of Higher Education
And it's not just in the U.S.
News Headlines
Sounds like a great idea to me. All government subsidies have done is increase the cost of higher education at more than 4X the rate of inflation.
Citation needed.
you need a citation for basic economics?
Up until the 1980s, the lifetime increase in income for having a BA degree was approximately $1M. IOW, if one had a BA, one would expect to earn an additional $1M of income over the course of one's career. The net present value of that $1M was $200K.
And now, BAs cost $200K at many universities, with no corresponding increase in lifetime earning power. The education industry has sucked out all of the financial returns. The money hasn't gone into improving class room instruction. It has gone into administration (compliance with Federal Regs) and lifestyle amenities (gyms, pools, fancy dorms).
How was this accomplished? By giving massive student loans to 18 year olds (who have no demonstrable ability to repay such loans) with the government making sure that such loans cannot be discharged in bankruptcy.
The result: film and ethnic studies majors graduating with six figure debt, no real career prospects, a life time of making minimum payments with no way to save for a house, raise children, and prepare for retirements.
First of all, if you subsidize something you end up getting more of it...This is axiomatic. Since the number of colleges has remained pretty much static, it only makes sense that costs would go up.Again, citation needed. You need to show some hard evidence that government aid is the cause of increasing college tuition, and you need some evidence to rule out other possible explanations. By your own admission operating costs must be going up. After all, it costs money to build and maintain gyms, pools, and fancy dorms.
Secondly, the way state-run institutions are operated, you don't get a bigger budget next year if you don't use up this year's money. That's how you "prove" that you need even more funding....This is how their budgetary models works.
That would be wrong.Secondly, the way state-run institutions are operated, you don't get a bigger budget next year if you don't use up this year's money. That's how you "prove" that you need even more funding....This is how their budgetary models works.
Then according to your theory, I would expect tuition to go down. With lower tuition, the institution can cite even greater need, and it will be even easier to "run out" of money on purpose to prove your need for the next year.
Ultimately, the axiom doesn't change, no matter the source of the subsidy.But ultimately, you seem to be committing fallacy of equivocation. Federal financial aid to students is not the same thing as direct support from state and local governments.
First of all, if you subsidize something you end up getting more of it...This is axiomatic. Since the number of colleges has remained pretty much static, it only makes sense that costs would go up.Again, citation needed. You need to show some hard evidence that government aid is the cause of increasing college tuition, and you need some evidence to rule out other possible explanations. By your own admission operating costs must be going up. After all, it costs money to build and maintain gyms, pools, and fancy dorms.
Secondly, the way state-run institutions are operated, you don't get a bigger budget next year if you don't use up this year's money. That's how you "prove" that you need even more funding....This is how their budgetary models works.
If those two aspects of the way colleges are run don't artificially inflate costs, nothing will.