Anonymous wrote:

Anonymous wrote:Education is information. Information does not require land, buildings, food service, tenure, millions of employees. Any field involving information is under tremendous pressure. The economic fallout from Covid hasn’t hit yet but it is going to. Tuition will be under assault.

you can attend the great courses now via audile. Do that for four years, put it on a resume and see how it works for you. The sheet of paper is what your paying for

Disagree. Connections is what you are paying for.

Anonymous wrote:IDK but we make close to 300k and aren’t sending our kids to private schools because we think the tuition is ridiculous!

You looked at the wrong privates. At that income (for the strong student) there are many privates that will discount well below the public school cost. Not the top 30 schools but solid colleges in the top 100.

Anonymous wrote:My oldest child graduated from high school in 2010. The tuition bubble was being discussed back then.

Same I graduated full pay with no help from parents in 1997. $100k. It was very much worth it.

Anonymous wrote:Education is information. Information does not require land, buildings, food service, tenure, millions of employees. Any field involving information is under tremendous pressure. The economic fallout from Covid hasn’t hit yet but it is going to. Tuition will be under assault.

you can attend the great courses now via audile. Do that for four years, put it on a resume and see how it works for you. The sheet of paper is what your paying for

Anonymous wrote:https://nymag.com/intelligencer/2020/05/scott-galloway-future-of-college.html

the author was expecting fallout this fall and in applications for next year. Neither of these happened, parents will stretch to get their kids marginal advantage. The economy being what it is makes those perceived advantages even more valuable not less

Education is information. Information does not require land, buildings, food service, tenure, millions of employees. Any field involving information is under tremendous pressure. The economic fallout from Covid hasn’t hit yet but it is going to. Tuition will be under assault.

Anonymous wrote:

Anonymous wrote:The worm is turning with Covid. The trends and fallout are going to have enormous effect.

what effects do you anticipate? (genuinely curious, not a snark)

Distance learning with the worlds best professors and regional testing centers. A fraction of cost and superior rigor.

https://nymag.com/intelligencer/2020/05/scott-galloway-future-of-college.html

Anonymous wrote:The high cost of tuition is driven by the availability of federal loans to fund it. The Department of Education could put a brake on the rising costs by imposing rules on schools for eligibility, including limiting the price tag, for tuition or for other expenses.

That's partly true, but industries/services with large staffing costs tend to see overall costs rise faster than inflation. When you combine that with technology costs, and the decreasing share of higher-ed funding coming from the state/federal governments (particularly when you exclude loans), and you've got a real problem on your hands.

Private college costs are a funny thing. They give out so many scholarships and other financial aid packages that their tuition numbers don't really mean anything.

Anonymous wrote:

Anonymous wrote:The high cost of tuition is driven by the availability of federal loans to fund it. The Department of Education could put a brake on the rising costs by imposing rules on schools for eligibility, including limiting the price tag, for tuition or for other expenses.

+1. Stop making it so easy to get a loan for college, and the cost will go down.

Yeah this. Would probably take an act of congress but as PP said no federal funding for private schools with tuition above a certain level. Same provision for out-of-state public. I bet the schools will adapt real quick and get 'lean' in areas with waste and overspending in order to lower tuition. Even the 'reachy lottery' schools don't like the optics of being seen as bastions of economic 1%ers, a change in federal loan law will make them stick out sorely and they'll move to fix, others will either follow or fold.

Anonymous wrote:

Anonymous wrote:The high cost of tuition is driven by the availability of federal loans to fund it. The Department of Education could put a brake on the rising costs by imposing rules on schools for eligibility, including limiting the price tag, for tuition or for other expenses.

+1. Stop making it so easy to get a loan for college, and the cost will go down.

the federal loans don't even approach the cost of expensive schools now. Kill or cap the 529 and other tax advantaged savings vehicles to discourage people from aggressively saving. The savings from birth mentality just means that colleges can continually charge more to absorb those savings and saddle your kids with loans

Anonymous wrote:

Anonymous wrote:The high cost of tuition is driven by the availability of federal loans to fund it. The Department of Education could put a brake on the rising costs by imposing rules on schools for eligibility, including limiting the price tag, for tuition or for other expenses.

+1. Stop making it so easy to get a loan for college, and the cost will go down.

I agree, but it will never happen. We are more likely to see loan forgiveness expanded, which will increase tuition at a higher rate.

I went to a fancy big-name SLACK, won't qualify for financial aid, and my DS is going to public college in state.

Anonymous wrote:The high cost of tuition is driven by the availability of federal loans to fund it. The Department of Education could put a brake on the rising costs by imposing rules on schools for eligibility, including limiting the price tag, for tuition or for other expenses.

+1. Stop making it so easy to get a loan for college, and the cost will go down.

Anonymous wrote:The worm is turning with Covid. The trends and fallout are going to have enormous effect.

what effects do you anticipate? (genuinely curious, not a snark)

The worm is turning with Covid. The trends and fallout are going to have enormous effect.