Tuesday, February 14, 2012

On the rise of Higher Education costs

There are two demons: public schools (state funded) and private schools.

Private schools are always higher than public schools mostly because they can. So let's just focus on the public schools for now, and apply as much as you can to private institutions.

Public schools go up for various reasons:

1) state funding cuts will raise the cost of tuition required per student

2) added programs (like a BA in Interior Design to a tech school :boggle:) basically watering down where the money leftover can go to... drives up cost

3) sports

4) larger population of people than just 10 years ago. In 2000, America had 15 million college students. In 2010, America had 20 million college students. That's a 33% increase. Tuition costs reflect the demand.

5) the trend in America is actually lending to a decline in overall intelligence  I don't like the word "intelligence" here, but for a lack of better...). I have no source for this, but trust me when I say that American institutions have lower quality students overall than in 1980. I'm using anecdotal evidence from 10-15 colleges that I work with. Small sample size, but whatever, it's my opinion. Example of this: increase in enrollments overall, but decline in the science/tech field enrollment overall. But, this lends to the raise in cost: college has been changed since 1990 in that it is now accessible by the masses. No longer does it matter if you have a Bachelor's degree in the workplace, right? You need at least a Master's to work your way up. So, colleges raise their prices to, again, accommodate for demand.

6) inflation

7) the cost for a gallon of gas in 1990 was $1.16. Now?

Posted via email from bryanized

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