In terms of more recent factors, the decision in the Obama Administration to abolish the old Guaranteed Student Loan Program in favor of direct government funding has played no small part. Under the old program, private banks made loans to students and received a subsidy from the government to do so. Although the subsidy encouraged to widen the ambit of their lending, the banks still limited it based on ability to repay, the nature of the college major and other traditional lending criteria. However, early in the Obama Administration the decision was made to "cut out the middle man" and have the government lend directly. This, in effect, meant that there was a virtually bottomless pit of cash - in effect, the tax revenues of the Federal Government - from which to draw and lending criteria were relaxed. This, in effect, meaning that pretty much anyone seeking a college education could get the cash to buy one. The colleges, therefore, as their customer base's purchasing power was magnified, increased tuition and other charges accordingly.Thus, on the one hand, the education and services colleges can provide their students have improved, but on the other hand the cap on what colleges can charge has effectively been removed. Thus tuition costs have soared overall. In any given case other particulars may be at work, but this is the basic mechanics. In economic terms, this will likely right itself as alternatives to college develop and if the culture begins to place less emphasis on a college education. However, that is apt to be a very long term evolution and in the meantime a college education is apt to become relatively more expensive for the foreseeable future and the political pressure to increase loan funding, thereby exacerbating the problem, will continue as well.
OK, I wasn't going to go this route due to the lack of financial/social intelligence on GAG, but here goes.These people want "free college", well here is the a big chunk of the answer:Most 501(c)(3) foundations have to disperse %5 of their endowments annually to maintain their charitable status. But, as colleges and universities are "faith based" (even your IV league liberal idiot factories) have the Church tax exemption. Harvard's endowment is well over $40 BILLION dollars. If Harvard were required to disperse %5 annually (2 BILLION DOLLARS) no student at Harvard would ever have to pay a nickel of tuition. There are plenty of other schools that have massive endowments that could similarly eradicate the need for tuition. You want "free" college, work to end the exemption colleges/universities have from having to cough up %5 of their endowments.
@KrakenAttackin That seems a reasonable course to take. If we could wave a magic wand...
But I'm just a dumb old truck driver making 75k/yr with no degree and a high school diploma... what do I know?
@RandomGuyWithAnswers You are not a "dumb truck driver", you are a man with a skill meeting a need, which is the way we need to approach educating kids these days. Our economy needs more CDL's and fewer Gender Studies degrees.
Much appreciated. And I couldn't agree more.
Everyone is entitled to a free education I’m sorry but I disagree with your statement.
You're right about the money for the equipment and everything else. It's gotta come from somewhere, but look at other countries who have free education. There are other ways to make it happen. Like my previous statement simply suggests, greed, plain and simple.
And I've looked into that too, other countries are heavily struggling bc of free education. It's a big reason why the UK stopped free tuition. It doesn't work out the way you'd hope, it would delute the meaning of a college diploma, would significantly raise taxes, and no one would have to work for a damn thing anymore. Lower cost? Yeah, good idea. Getting rid of the complete tuition? Wow, you're entitled, uneducated on the topic, and have no general understanding of politics, money, or earning anything in this lifetime. You are NOT entitled to anything free
Yeah even lf they lower the cost.
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You’re pretty dumb if you believe this
All of which existed before the price explosion. What really happened is basic economics. The government intervened and added tons of new money, which will always increase prices.
I don’t see how I’m dumb if I believe this the government is not out to get poor people if they were there would we wouldn’t have as many opportunities... but whatever very mature of you! 😊
I get that but from my understanding this happened because of the wage changes when wage changes happened everything else starts going up as well.
Little girl, Frozen is on tv. This is not a topic you understand. Bye
Hm funny cause to me it seems like I’m being the more mature one when all you can do is throw shade if you don’t like my opinion ignore it 😊
Baby need her bottle? Diaper changed?
It’s ok your a millennial... I know most of them aren’t very capable of adult conversations, have a nice night. I don’t have time for people like you whos only attempt to win arguments is through being childish, and not listening to people! I might not always be right but at least I attempt to use logic! Again have a nice night!😊
Look it’s big bird! Do you like Sesame Street
You know big bird isn’t that bad but I’m more of a Mr Rogers type of person. 😂
Government is bad. College is a scam. The Jews are to blame.
I agree the government is bad
@Revenge17 What you are describing is inflation, which has been rock bottom for more than a decade. The only line item that has exploded in cost faster than education is health care, both of which are hugely subsidized by the government. When government gets involved (even well meaning) the costs explode. Not to worry, I predict a reversion to the mean soon. The value of a four-year degree (in victim studies) is simply not worth the decades of student loan payback. A person such as yourself will have to carefully weigh the benefits and employment prospects with whatever course of study you choose to pursue. The luxury of going to college, partying, graduating with a blah-blah degree, and looking for work are gone.
@KrakenAttackin ok thanks
Correct. The more money you pump into something the more expensive it becomes.
It's astonishing how students want a rock-climbing wall and giant water slide on campus yet complain about tuition costs
Cost and quality are not always synonymous. Higher education has completely failed act like a business as they have not contained costs or made an effort show their competitive advantage. Brick and Mortar colleges are going to end up losing out to certification programs and technical training, which is what our world really needs.We need fewer gender studies majors and more engineers.
Doesn't matter how they behave. The good places kniw there will be fee paying students regardless
This is true.
It doesn’t guarantee you shit actually. The market will crash and when students have high student loans lol good luck getting students to pay that back. There will be riots and I don’t give a shit if it became violent. Fuck the government.
@The6ix Let me know how that works out for you.
@The6ix Maybe if these people got degrees in fields that are actually in demand maybe the market wouldn't crash and they could actually earn a good living? How's that for crazy?
@KrakenAttackin No the market will crash because a country like the US keeps printing fake money, serving elites, serving for Zionism, spending trillions of dollars on wars... but you will excuse that right? lmao, you're in your own delusional world and when shit goes down which banking analysts and economists have predicted something far worse than the Great Depression of 1929 let's see you talk shit then. If you scream in fear because of it I won't give a shit let me how that works out for you old fart @KrakenAttackin aka stubborn white supremacist man who's trying to get validation on GAG out of all places politically lmao. I'm blocking ya and muting this post.
@The6ix Blocking me, wow you are a cunt.
I agree... it is sad and such a scam. I got a degree in Accounting. Then I realized my degrees credits equaled other degrees.. and so I paid a couple hundred each for each degree... A. S. in computer sciences and personal training. I was young, dumb, and actually thought the degrees would equal job opportunities. I have yet to work any job that my degrees apply to. I paid so much money for pieces of paper. It's just a business where they sell you a dream. Irl though they'd rather hire the guy that's been sweeping their floors and taking out the garbage at the place for 2 months. Experience > degrees
School/college is FREE for people in Sweden.. but they have high taxes and bills an shit. Two people who live told me it was... they give them money or something like that, that's what I was told.
You're right. I just don't see why memorizing shit and then tested on that memorization is so expensive. I could mention options like the DANTES tests, or like my High School... where I went in for 1 hour twice a week and only for tests... possible solutions that don't involve some professor grinding you (a professor that most likely has to because his profession isn't making them any money) for 3 months. I mean in class learning works for some, but there are people like me that just read and learn. In fact I hated dealing with other students... even in college I hated lower level classes because I had to sit through all the dumbasses that haven't dropped out yet... like that dude that just keeps asking a million questions about everything... hated that. Anyways (sorry for ranting), I think there's better cost effective solutions out there that don't involve taxing the hell out of people and it starts with lowering the cost of the education itself instead of keeping that structure in place and just grabbing money for it from tax payers. Why hasn't more schools followed my exact idea? simple, it goes back to my original statement. It won't drive people into massive loans so that money can change hands.
My High school was sort of special though by the way... I lived in Hollywood at the time and it's basically for working kids (think child stars) that don't have time for regular High school. What I saw was a cost effective method to 'modify' schooling that eliminated other bullshit like dealing with the High school social hierarchy rat race.
Why would it be free? How will the employees be paid? And if the government is expected to pay them, how will the government get the money for that?
@KeziL higher taxes will make it free I guess in Sweden college is FREE for them, but they have higher taxes. I wanna go to college but it cost to much money..☹️ an yes I live in the U. S
@KeziL the same way other countries who provide free education for their citizens. We spend too much money on fucking war and other stuff. What’s in it for us? We are all just about drowning in debt or stressed. No free , education, no free health care or anything else. They need to figure out a way to provide at least free tuition. For just two semesters between parents and loans about 15,000. Including books and buying things for my room like sheets, pillows etc. It’s too fucking much just to get an education. Some girls escort ( sleep with man) just to pay bills. If they could figure out how to get a man on the fucking moon they better figure out a way to provide good education. THEY need to figure it out
@KrakenAttackin free tuition
You need to take Macro Economics 101.
@KrakenAttackin and you need to shut the fuck up.
You are a little girl who has no idea how the big world really works. There is no such thing as a free lunch.
@Powderpuff97 I get what you are saying I like your opinion.. I don't know why the others are giving you a hard time. If are taxes go up are school/college might be free... it is in Sweden and their taxes are high. My friend from Sweden told me and I asked another person who was from Sweden too.
@KrakenAttackin you look real stupid.. fighting with her... college can be Free... it's free for people in Sweden.. but they have a high Tax rate. America is just greedy.
@PetrovaFire92 I actually did get free community college in Michigan through a Detroit promise scholarship. I did that then went to the university I had already got accepted in to. They also offered a full ride if you had a 3.5 and a 20 act but I was not all that great in school due to personal issues and anxiety when it came to testing. But I’m still in dual enrollment. I’m still taking some general Ed’s absolutely free! Michelle Obama spoke at the cc and helped fight to make it free. It really is great and saved me some money. I just paid for my books.I don’t have to take an economics class to have an opinion especially when I know there could be a solution and that other countries are doing it. Yeah taxes etc may go up but wouldn’t that be worth it? Everyone entitled to a good education? But no , the government makes it expensive so that you can continue to rely on them and continuously owe them money back.
@KrakenAttackin yeah well I have had some free college so it’s definitely possible. Yes taxes went up - o well.
@Powderpuff97 yeah, for our city with have Pittsburgh promise I didn't know other states had some thing like that lol 🤣😅 that's awesome an nice to know.
@KrakenAttackin I’m definitely not a child. I’m a 22 year old college student who has an opinion on education. People like you who comment on every post to act like they’re superior or “mr. Know it all” are absolutely annoying and shows that you just want to be right all the time and anyone who doesn’t agree with you are “children “ or “stupid”. Just stfu , leave your opinion and move on.
What do you consider to be a "good education" that should be "free"?
@KrakenAttackin a free public university education.
@Powderpuff97 yes I don't like know it alls, don't let that guy bully you... he's picking on you cause he doesn't know what you are talking about. 📚🤓
@Powderpuff97 he probably dropped out of college cause he THOUGHT he KNEW everything. SMH..
@PetrovaFire92 I will not pay higher taxes so that you can get a degree in Victim Studies.
@PetrovaFire92 you’re right, I don’t argue with people who can’t have a decent conversation
@Powderpuff97 that's a fact 🤣
@PetrovaFire92 You are another fool who has no concept of how an economy works. The government cannot provide anything "for free". Everything given by the government to one person has to be (forcibly) extracted from another person. Again, there is no such thing as "free".
@KrakenAttackin what about the other countries some of them go to college for FREE so fuck outta here... you're a fool. Stop bulling us.
@KrakenAttackin if the other countries can let people go to college for Free so can the United States.
@PetrovaFire92 "Bullying" you? Ah, the victim card, you wear it so well. Here is a fact, if you can't take a tiny bit of repartee than the real world is going to be really difficult for you.
@KrakenAttackin the fact is you are a bully.
@PetrovaFire92 OK, so "I am a bully", does that make your position any more tenable? A part of being educated is to be able to take in new facts, new perspectives, and make informed decisions.
@PetrovaFire92 Hey, I sympathise with your position, I was in the same boat years ago. I had a very strong GPA, excellent college resume, and I didn't get shit for academic scholarship, while dumb jocks on my floor (I was an RA) had full rides for playing football. This pissed me off but that is life. I had to scrimp, save, take out tons of loans, and miss a few semester to work. Education is a privilege, not a right.
@KrakenAttackin if you were “so great “ in school you should have got a full ride and just because you’re not all that smart does not mean you shouldn’t get a chance to go to college. College really isn’t defined by how smart you are. College is about willingness, studying, organization and discipline. My statement still stands and will always stand. College should be free for the U. S. citizens. It’s my opinion, even if it’s not going to happen. It’s just an opinion
@Powderpuff97 yes I agree 100%!! an yeah he should have been able to get some kinda scholarship if his grades or whatever or school work was that good. So in other ones he lying about how good he did in highschoolschool. He probably never went to college... an he's just making fun of your post cause he's angry.
@PetrovaFire92 Boy, you two should be scissoring right now. Let me ask this: If you two went to college, what would you study? How would you pay society back for your "free" tuition? Would you be medical doctors, nuclear engineers, civil engineers, IT specialist, Agricultural or biological specialist? ...... or would you study "sociology" or "gender studies"... or some other worthless thing?
@KrakenAttackin don’t ever disrespect me. This conversation with you is over.
@PetrovaFire92 he’s a troll. Like really? Disrespecting us over a fucking opinion? He has no life. I see why he’s divorced because he clearly has issues. ( it said he’s divorced on his profile)
@Powderpuff97 an then he's asking US what we want to go to college for?, For a education!!. Period!. He's just angry he never got to go! Now he old and useless! and disrespectful I'm done here.
@PetrovaFire92 yeah I blocked him lol I was fed up
I'ma black him too LoL 😂
So you're one of those, "Blame the Jews", type? It has a lot to do with guaranteed government tuition subsidies to those not in need (e. g., a piece of legislation passed in the United States in 1978 whose name I have no clue at this time -- This example applies only to the United States, though similar laws elsewhere help explain why the education bubble now exists).
Truth be told m
@Girl2020 There is some truth to what you say. People need to realize that an education really is an investment (completel with risk and return). Someone of your age needs to carefully weigh risk/reward of spending $200K on a degree program. If you are going into a field where you can reasonably expect a good rate of return (engineering, medicine, IT) this is probably a good bet. If you are going into Victim Studies, it probably isn't.
We as a society put the value on college higher than it actually is in reality. Inflating the demand. Completely disregarding the shit deal we were getting over time. If it was for socially inflated sense of the value of college the prices would be lower because they would forced to be more inviting. Having to entice people to come to their school. Rather than having thousands seeking them to get in every year, bending over backwards to get in.I went to college. I got my degree. I will personally make sure my kids do not go to college without knowing what they want beforehand and even then it will be completely utilitarian. Getting an entry level job in the summer at a company to where they get to see the job in reality. If they still want to be that by summer's end. CLEP test all the basics. Transfer all credits from high school that transfer. Including any bullshit electives. Will not buy any books from the school. Will look up the books and buy older editions, used and only after knowing if the teacher is using the book. If he doesn't. Not buying a book for that class.Knock a 4 year degree out in 1.5-2 years without even killing yourself to do itFocus entirely on degree specific courses.
But at the end of the day. Most of what we go to college for we just don't fucking need, but we think we do.