Brewing economic scandal
 

The cost of getting a college degree has risen 1,120 percent since
1978 ... far more than the cost of health care or health insurance
premiums. Even with Pell grants, scholarships and other forms of
financial aid, many graduates are faced with student loans that they
won't be able to pay off until they are in their 50's when they have
to start thinking of *their* kid's college costs. Plus, starting
salaries for recent grads have dropped for the most part and many
can't think about home ownership.

Where are all these cost increases going?

http://www.bloomberg.com/news/2012-08-15/cost-of-college-degree-in-u-s-soars-12-fold-chart-of-the-day.html

Brewing economic scandal
 

In article ,
says...

The cost of getting a college degree has risen 1,120 percent since
1978 ... far more than the cost of health care or health insurance
premiums. Even with Pell grants, scholarships and other forms of
financial aid, many graduates are faced with student loans that they
won't be able to pay off until they are in their 50's when they have
to start thinking of *their* kid's college costs. Plus, starting
salaries for recent grads have dropped for the most part and many
can't think about home ownership.

Where are all these cost increases going?

http://www.bloomberg.com/news/2012-08-15/cost-of-college-degree-in-u-s-soars-12-fold-chart-of-the-day.html

Extreme college costs are due in a large part to the same philosophy of
the mortgage mess. Everyone should be entitled to a college education so
we'll (the gov't) will give people money to go. SO, the colleges see
this as a cash cow and raise tuition. AND take a look at consumables,
like text books, insanely costly.

Brewing economic scandal
 

On Thu, 14 Mar 2013 12:00:30 -0400, wrote:

On Thu, 14 Mar 2013 10:24:49 -0400, iBoaterer wrote:

In article ,
says...

The cost of getting a college degree has risen 1,120 percent since
1978 ... far more than the cost of health care or health insurance
premiums. Even with Pell grants, scholarships and other forms of
financial aid, many graduates are faced with student loans that they
won't be able to pay off until they are in their 50's when they have
to start thinking of *their* kid's college costs. Plus, starting
salaries for recent grads have dropped for the most part and many
can't think about home ownership.

Where are all these cost increases going?

http://www.bloomberg.com/news/2012-08-15/cost-of-college-degree-in-u-s-soars-12-fold-chart-of-the-day.html

Extreme college costs are due in a large part to the same philosophy of
the mortgage mess. Everyone should be entitled to a college education so
we'll (the gov't) will give people money to go. SO, the colleges see
this as a cash cow and raise tuition. AND take a look at consumables,
like text books, insanely costly.

College administrators are millionaires these days.

You're blaming the administrators for $1T in student debt???

It's actually a hard job. They certainly deserve it more than the CEOs
of BP and Exxon.

Brewing economic scandal
 

In article ,
says...

The cost of getting a college degree has risen 1,120 percent since
1978 ... far more than the cost of health care or health insurance
premiums. Even with Pell grants, scholarships and other forms of
financial aid, many graduates are faced with student loans that they
won't be able to pay off until they are in their 50's when they have
to start thinking of *their* kid's college costs. Plus, starting
salaries for recent grads have dropped for the most part and many
can't think about home ownership.

Where are all these cost increases going?

http://www.bloomberg.com/news/2012-08-15/cost-of-college-degree-in-u-s-soars-12-fold-chart-of-the-day.html

Look at professor salaries, admin salaries, and book costs.
Just another example of wealth redistribution and income disparity.
This all started in the late '70's with the decline in U.S.
manufacturing.
From the '80's until now the worship of wealth has only increased.
And the propaganda used to lure kids into college has likewise
increased. How many times do you hear the old "lifetime earnings"
statistic used to convince kids they need college.
Those "lifetime earnings" stats don't account for kids who paid up for
college but didn't succeed. They end up dropping out before they
finish, or finish and end up working at Starbucks.
You're old enough to remember when the difference in "professional"
and "non-professional" salaries weren't extreme.
That's the problem. Income disparity. I don't have a solution.
Not my problem.

Brewing economic scandal
 

On Thu, 14 Mar 2013 12:00:30 -0400, wrote:

College administrators are millionaires these days.

====

It's a big job with a lot of responsibility and headaches, easily
comparable to being CEO of a midsize to large business.

My perception is that faculty salaries have risen quite a lot. I
read someplace recently that full professors at a well known north
eastern university were averaging $200K, not eactly starving bohemians
doing it out of intellectual curiosity and love of teaching.
Apparently there's a lot of competiion among top schools for the best
people.

Brewing economic scandal
 

On 3/14/2013 12:00 PM, wrote:
On Thu, 14 Mar 2013 10:24:49 -0400, iBoaterer wrote:

In article ,
says...

The cost of getting a college degree has risen 1,120 percent since
1978 ... far more than the cost of health care or health insurance
premiums. Even with Pell grants, scholarships and other forms of
financial aid, many graduates are faced with student loans that they
won't be able to pay off until they are in their 50's when they have
to start thinking of *their* kid's college costs. Plus, starting
salaries for recent grads have dropped for the most part and many
can't think about home ownership.

Where are all these cost increases going?

http://www.bloomberg.com/news/2012-08-15/cost-of-college-degree-in-u-s-soars-12-fold-chart-of-the-day.html

Extreme college costs are due in a large part to the same philosophy of
the mortgage mess. Everyone should be entitled to a college education so
we'll (the gov't) will give people money to go. SO, the colleges see
this as a cash cow and raise tuition. AND take a look at consumables,
like text books, insanely costly.

College administrators are millionaires these days.

Some of the athletes are doing quite well too, Particularly footballers.
I have first hand knowledge of a baseballer who was given full 4 year
scholorship, room, board, books, free tutoring, etc. etc.
I wonder who pays for that? It probably comes out of recruitment and
alumni solicitation budgets.

Brewing economic scandal
 

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.


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.

Brewing economic scandal
 

On Thu, 14 Mar 2013 12:09:12 -0500, Boating All Out
wrote:

Those "lifetime earnings" stats don't account for kids who paid up for
college but didn't succeed. They end up dropping out before they
finish, or finish and end up working at Starbucks.

====

Not everyone who drops out of college ends up in a dead end job.
Take a look at Bill Gates and Steve Jobs for two notable examples.
There are lots more.

Brewing economic scandal
 

On Thu, 14 Mar 2013 20:35:51 -0400, Wayne B
wrote:

On Thu, 14 Mar 2013 12:09:12 -0500, Boating All Out
wrote:

Those "lifetime earnings" stats don't account for kids who paid up for
college but didn't succeed. They end up dropping out before they
finish, or finish and end up working at Starbucks.

====

Not everyone who drops out of college ends up in a dead end job.
Take a look at Bill Gates and Steve Jobs for two notable examples.
There are lots more.

That's true, but those who don't go are much more likely to earn many
thousands less over their lifetime. More true now than ever. Even four
years is just the minimum now.

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?