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Brewing economic scandal
On Thu, 14 Mar 2013 22:56:36 -0400, wrote:
On Thu, 14 Mar 2013 16:48:58 -0700, Urin Asshole wrote: On Thu, 14 Mar 2013 17:01:55 -0400, wrote: On Thu, 14 Mar 2013 10:01:13 -0700, Urin Asshole wrote: On Thu, 14 Mar 2013 12:00:30 -0400, wrote: College administrators are millionaires these days. You're blaming the administrators for $1T in student debt??? It is certainly part of it. Yes, a small part. How about the coaches? They make much more at the big football schools. Is it worth it? Doubtful. Yes big football is also part of the problem., They are saying it will cost a couple hundred million bucks to build a football program at my local state university. It's actually a hard job. They certainly deserve it more than the CEOs of BP and Exxon. They do generate the same kinds of profit. Mostly the sports programs of the big ones generate the most profits. The CEOs don't give a **** about profits. They care about shareholder value, and even then not so much as their exit strategy. The universities also generate profits in the academic programs too. They just can't call it profit ... just like a non profit hospital. They do, but not just like a non-profit hospital. The hospitals are over the top and it's not the universities that are causing people to go bankrupt. People can choose not to go to school. They can't really choose not to go to a hospital. Just like insurance isolated patients from runaway hospital costs, easy to get student loans isolated kids from the cost of their education. It is even worse than that. The insidious thing in a student loan is, as long as you are in school, you don't have to pay on the loan. This means a BA who can't get a job is almost forced into going back to school, racking up more debt, because he can't make the payments. Then he becomes an MA, who can't get a job and he has an even higher debt he has to service. Pretty soon you end up with one of those "post docs" who can't get a job and has $100k in debt. No argument, except that this is not comparable to the non-free market that happens at hospitals. A heroin dealer does not have that good a business plan for keeping his addicts hooked. Huh? |
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