If you think inflation is bad now, mass loan forgiveness would make it WAY worse. The end of the student loan moratorium on Feb 1 will take some of this excess money out of the system and at least help tame inflation a little bit. |
A voice of intelligence, sanity and empathy. Thank you for sharing your perspective and for having the emotional intelligence to understand how lucky you are and that the system is rigged. |
A true voice of intelligence, sanity and empathy would question why she would have needed to take out 100,000 in loans for a college degree that left her unable to pay off her loans into her 30s. Of course that discussion would quickly lead us to a discussion of college campuses where Communists are more common that Republicans. The problem is fundamentally about the cost of universities, where administrations have completely abandoned any pretense of having a pure educational mission. Purdue just announced its 11th year without a tuition increase and its 10th year without a housing increase: https://www.purdue.edu/uns/PurdueToday/archive/2021/12-December/211203TrusteesPurdueToday.htm Why isn't this making national headlines? Why is Mitch Daniels, a former Republican governor of Indiana, able to do this while the rest of the country continues to see runaway tuition increases? ![]() Note this graphic is years old... ![]() |
School tuition has only gone up as a result of government loan availability. Now the assumption is that you will just borrow. The cost of tuition has skyrocketed. Schools need to cut salaries. Schools need to rein in the posh condo like dorms. It is all paid for with excessive loans made possible via government intervention and the basic assumption that people will borrow massive amounts. Paying off loans will help the borrowers but not stop the problem which is a higher Ed system structured in tuition rates that have risen above true market level because of money from the government. |
Purdue is public; are Indiana University and the other schools in that state system having the same result? |
no |
Is it really posh dorms or is it wraparound services, bulging administrators, or perhaps outrageous comp pkgs for Pres and coaches? Seriously, what are the root causes of ballooning higher ed costs? |
I’ve been visiting colleges this year with my senior DD. The facilities (gyms in particular) and the food are MUCH better than when I was visiting 30 years ago. Like one step up fro, prison level vs. new loft apartment building level. And I’ve heard from friends in academia that there is a glut of administrators as well. |
That’s weird, you’d think that the state legislature is involved in setting things like budgets and tuition prices. |
Imagine for the sake of discussion we are talking about educating an undergraduate history major, 50 years ago and today. 50 years ago you would need some lecture halls and classrooms, a library, books, housing, food, and of course some professors. Which of these things have appreciated faster than inflation year after year like clockwork? Certainly it isn't professors, they aren't making bank. The classrooms and lecture halls are in many cases the exact same rooms used 50 years ago... What has gone nuts is the administrative bloat. Huge numbers of non-teaching staff, deans, etc. Facilities are the other major offender. A dorm 50 years ago would be positively spartan compared to dorms of today. Gyms, and other amenities of other types also contribute. Fundamentally, university presidents have completely abandoned their core mandate (at least for state schools) to educate the populace without leaving them with a crushing debt load. ![]() There is no reason a school can't provide a quality education on a reasonable budget. Purdue is proving this to be the case. Most of them just don't want to badly enough to trade away growing administrative bloat and new pet projects. |