Comment

Overnight Open Thread

516
lawhawk7/12/2009 6:35:25 am PDT

re: #500 SixDegrees

Or, how about stop the subsidies to universities in the form of GSLs, which have enabled universities and colleges to increase tuition far outpacing the rate of inflation for the past decade.

There’s absolutely no reason that my law school’s tuition has more than doubled since I graduated. You’re not getting twice the education. You’re just getting twice the debt as a student coming out.

NYU and other schools are costing North of $40,000 a year. For undergrad. It makes no sense, and private colleges are continuing to act as though tuition increases are a birthright, particularly since the government continues providing subsidized student loans at an ever larger clip.

Why is it going to cost $100,000 or more to go to a 4 year undergrad? It’s bad enough that the markets are distorted by the government interference, but few can pay - particularly those in the low and middle income brackets, who are squeezed at both ends.

State schools are still a bargain, but not by much. Their tuitions are increasing as well, but some politicians have the idea that illegal aliens should have in-state tuition rates, which is something that lawful citizens of other states couldn’t hope to obtain.

It’s about priorities and not understanding basic economics (heck, it’s econ 101). The government has distorted the marketplace, and academia doesn’t mind since the money keeps rolling in, until it will come to a halt when the credit crunch hits the students who realize they cannot afford the insanely high tuitions and 30 year repayment of their education.