Wow, you're stealing $23k from taxpayers and still complain? OMG!

 

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Yeah, but again, the relative expense from even 20 years ago to now is just not the same either... note that even a "fancy private school" which I went to (which was 30% less than most "fancy private schools" cost about what a new car cost per year... now that's more than doubled.

To contrast - Penn State was ~$7k/year in 1988, it's now up over $18k which is still absurd, but less than the relative increases in "private schools" and about on par with my whole car benchmark cost analogy.

I was one of those kids who took out big loans, took me around 10 years to pay them off, which is all relative of course. However, if I went to school today and instead of borrowing like $30k, I was borrowing $150k, it would take me a hell of a lot longer than 10 years to pay it off...

 

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Another thing I agree with you on

 

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You wouldn't pay full price now though, unless your parents were rich. My brother went to stanford and was getting close to a 50% ride even with my parents making 80k/year. The sticker price may have been 45k/year but they were really paying more like 25k. Which is not all that different than what they would have paid 20 years ago, adjusted for inflation.


Attending a fancy private 4 year college for 4 years is a luxury for rich people, or people lucky enough to get big scholarships. This is how it's traditionally been.


The difference these days is we can add another group of people who have access to the luxury experience: people willing to take out large amounts of debt. That may drive up pricse for group (1), but frankly I don't much care if rich people's parents have to pay a bit more and I dont' think society should care either. The injustice in higher education pricing is not that rich parents are having to shell out too much money.

Yes, it was.


Unless you think the meteoric rise in tuition fees didn't have something to do with the government wringing its hands and crying "We must give the widdle ones college edumakashuns! Let's guarantee the loans and give lots of grants!"


I guess you skipped the course in college that tells you what happens to an economic system when you suddenly inject a lot of easily obtainable cash into it?

 

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America's entire educational system is fucked up to the core. The bill is something like $10,000 per student per year in some of the shittier and worst performing high schools.

So many of the people being dragged through the system would be better off being taught basic reading and math, how to manage their money, and then given vocational training.

 

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Real costs paid by middle class parents to send their kids to fancy private 4 year colleges have not changed all that much. Ticket prices have gone way up mainly to subsidize the tuition of other people.


The big change in private higher education pricing is basically moving from a "you pay sticker price" model to a "you pay way less than sticker price unless you're rich" model.


The other big change is that state schools are losing state funding and therefore losing the ability to supply an affordable college education.

there's no sense in being butthurt about the cost of an elite private institution. the butthurt should come from fromt he cost of a state school. my (public school) alma mater costs well over double now what it did when i graduated 10 years ago. a lot of that has to do with the fact that the state legislature has cut its funding every year for a couple of decades now.

 

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That approach actually paid off for a while.

 

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Uh, I don't really know how to respond to such silliness.

 

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