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If you all think you can stand a response that's a bit more thoughtful and less agenda-driven - military spread? Really? - this is what I found when I did some cursory research.
1) Half to two-thirds of the typical colleges budget goes to paying instructional salaries. So rising paychecks are indeed a factor in higher college costs.
The median salary for a full-time college educator is $46,300, according to the Bureau of Labor Statistics. The picture is brighter for those who have tenure: Full professors make an average $76,200, according to the American Association of University Professors.
Keep in mind, a Full professor making more than the median figure is probably funding a decent amount of his paycheck with grant money. That means that tuition money isn't going towards the higher end paychecks.
Grant money or not, half to two-thirds of a typical college's budget is still going to instructional salaries.
Because they know that these days it's almost necessary to have a college degree (not everybody is an entrepreneur, in case someone wanted to respond with that), so it's easy to raise tuition knowing that students will still pay it.
That's like saying housing prices went up because people needed homes and paid more.
The truth of the matter is that we've had a higher education "bubble" fueled by government backed easy credit. The cost of education has risen far higher than what is justified by demand and inflation.
The Elite declared that everyone Had The Right To A College Education, regardless of merit or suitability of career objectives (much like government declared everyone had a Right To Own A Home - that worked out real well).
Colleges colluded in this mess by staffing up with financial aid counselors who advised clueless liberal art students to take on tens if not hundreds of thousands of dollars of debt, which conveniently could not be discharged via bankruptcy proceedings - for degrees with little economic value.
It was a big con that is now exploding.
The End.
Why do you hate the free market? Colleges only charge what people will pay.
Overstaffed? Not quite. And, they are underpayed. If the book is a university pub or the seminar is university sponsored, then of course university staff is used. WTF?There are a number of reasons...
You have to pay for all of the unnecessary classes, which are at least 70% of what you take.
Colleges waste gargantuan money everyday as only the government's payroll is more bloated with overstaffed employees than high education.
You have to pay for VERY good benefits, early retirement ages and long vacation allowances for tenured staff.
Tenured staff often use staff and resources to write books, organize and produce seminars and required "retreats" for students.
I could go on all day.
Why do you hate the free market? Colleges only charge what people will pay.
When did guaranteed student loans equate to free markets?
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This video lays it out very well.
Why do you hate the free market? Colleges only charge what people will pay.
When did guaranteed student loans equate to free markets?
Student loans? Colleges are subsidized in many ways -- as are most industries all over the world.
Try not to hold education to a different standard and you might be able to make a case.
The price colleges charge is not set by student loans. Cart B- horse
When did guaranteed student loans equate to free markets?
Student loans? Colleges are subsidized in many ways -- as are most industries all over the world.
Try not to hold education to a different standard and you might be able to make a case.
The price colleges charge is not set by student loans. Cart B- horse
Your right, most things are subsidized, that is a reason why prices are high on things from food to health care to education and thus not "free market" as you stated.
Student loans? Colleges are subsidized in many ways -- as are most industries all over the world.
Try not to hold education to a different standard and you might be able to make a case.
The price colleges charge is not set by student loans. Cart B- horse
Your right, most things are subsidized, that is a reason why prices are high on things from food to health care to education and thus not "free market" as you stated.
yep.
now there are more than one meanings for 'free market'
there is one meaning used by pseudo-intellects that confuse a rigid textual interpretation vs people like Adam Smith who used an interpretation that included regulation.
Why do you hate the free market? Colleges only charge what people will pay.
When did guaranteed student loans equate to free markets?
Why do you hate the free market? Colleges only charge what people will pay.
When did guaranteed student loans equate to free markets?
Student loans are free market as well. You can choose not to get them.
The faculty listed is not necessarily the profs in the classes, they have associates teaching and grading. The profs are working at being published, not teaching.
It costs just as much to go around being dumb as it does to pay for a college education.