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Money and Finances
Reply to "How much to save for college - child is in 10th grade"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why can’t this country address the cost bubble in education? Europe has small universities in terms of physical campus; the good schools there turn out equal or better to us schools.[/quote] I agree the US can learn from Europe, but Europe has an entirely different social support system for its colleges/universities and expectations for what they will provide. The US needs to acknowledge just how much of an economic engine its universities are--not just in terms of teaching students but in generating basic and applied research that fuels a lot of companies production and providing the talent through educating students (e.g. look at the story of genetic research--who made the discoveries and who is making the most money from it--universities share their research findings widely as a matter of mission, companies patent and keep secret etc.). Right now US universities--even public ones--are supported primarily by individual families receiving the education rather than sharing the burden with the businesses and broader society that benefit. One offshoot of making education primarily an individual "purchase" has made it that colleges have to compete for individuals and 18 year old students choose not just on academics, but also on the basis of things like dorms, food, gyms, rankings etc. [/quote]
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