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College and University Discussion
Reply to "Is college now just transactional?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think at 80K a year for a private school, it’s changed what people expect.[/quote] +1. The colleges have become a parasitic system, with unbelievable administrative bloat and a mediocre product (in many cases) enabled by vast flows of federal student loan money that have allowed them to raise prices beyond all reason with zero market discipline. Essentially they are strip mining the middle class. ROI thus matters way more than when college was more sensibly priced. [/quote] Hmmm…. but even the people I know sending their kids to reasonably priced state schools or whose kids got full rides based on merit aid are still aggressively focused on merit aid. Pretty much every kid I know at UMD Banneker Key is studying CS or Bio/Chem with med school intentions (with some finance/accounting majors in there too). Just what I see. [/quote]
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