Reply to Top Colleges Are Cheaper Than You Think (Unless You’re Rich)

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

There is no magic money that does not require trade offs or enough &quot;waste&quot; [b]to eliminate that will cut tuition by more than half[/b].  Should colleges just give less financial aid to those who aren't in the top 10% of incomes. In the old days (before 1970) there might have been a couple dozen students in an Ivy class that were truly middle income or lower. Now, they get financial aid and are the majority of students. [/quote]

I don't think that is true.  In inflation adjusted dollars, a private education used to be about half what it is now.  We need detailed budgets to help us understand why this has changed.  The diversity of our education system is a plus.  To move to big box education for everybody but the ultra rich, the ultra poor, and a few in the 0.01% of academic achievement will depress innovative thinking in our country.[/quote]

The information you seek is here:

https://deltacostproject.org

A summary of its findings from a book I am reading:

- Employee benefits costs (10% of every tuition dollar - single payer would eliminate this of course)
- Support staff costs - adminstration
- NOT faculty salaries and tenure
- Amenities and personalized attention - giving the people what they (at least think they) want
- High demand - They charge what they do because they can, because people are willing to pay. Econ101, no surprise there.
- Dramatic reduction of civic support
- In addition, college budgets are very complex, and it is hard to tell where much fo the money actually goes (such as marketing budgets spread across departments

It's a very difficult topic and there is no one answer.  It's quite possible if you affected all but demand the cost would not change.
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