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Federally legislated cap on college tuition costs?





JoryRFerrell
http://www.realclearpolitics.com/video/2012/02/06/biden_admits_government_subsidies_have_increased_college_tuition.html

Should our education system as a whole, but more specifically post-secondary, under-go a financial overhaul?
Should the federal government put a cap on how much schools can charge?
In this article, Biden sort of blames Pell Grants for increasing the cost of tuition, by raising the number of folks in college...the whole issue of supply and demand. However, that is bullshit.
Schools do not need to increase their prices just because education is being subsidized.
The average salary of college professors is around 60k-70k. They are not hurting to survive.
Our government could subsidize education to the point that folks are paying no where near what they pay now, and reduce the need for many to ever need a student loan in the first place.

This would lead to an increase of folks trying to attend college, but if schools can't handle the number of students, they shouldn't use that as an excuse to start price gouging. Instead they should raise requirements for entry.

Do you think our government should have a say in just how high even private institutions can charge? Not trying to sound like I am against capitalism, but with institutions as critical as education, maybe stricter regulation should be put in place? What do you think?
Ankhanu
JoryRFerrell wrote:
Should our education system as a whole, but more specifically post-secondary, under-go a financial overhaul?

Absolutely. There are a lot of problems with the North American post-secondary education systems. I'm Canadian, and haven't gone through the US university/college system, but there are some similarities between the two.
JoryRFerrell wrote:
Do you think our government should have a say in just how high even private institutions can charge? Not trying to sound like I am against capitalism, but with institutions as critical as education, maybe stricter regulation should be put in place? What do you think?

I think it's a good idea, yeah. I mean, institutions need to bring in enough money to cover their costs; education and expertise aren't cheap, but, administrations are often bloated and overpaid. Ideally, education centers shouldn't really be for-profit institutions, focusing on profit over education.

Personally, I'm in favour of socialized post-secondary education; government paid education. Provide free college/university education for the population. There are similar systems in place in various European nations and they work well. Of course, entrance requirements would be heavily merit-based, and continued enrolment would likewise require minimum performance levels. A better educated populace is a stronger populace.

Of course, I also feel that too many people are seeking academic degrees in today's world. Most people going through our post-secondary system are chasing academic degrees when what they really need and are actually looking for are skills. They go through the system and get a paper that doesn't provide what they, nor employers, are actually looking for. There's stigma surrounding community colleges and other trades or skills-based institutions, they're seen as lesser institutions, even embarassing... thing is, THEY are what most people are actually looking for, and provide the greatest benefit for students, and society in general. Academics are great, and I followed that path through the graduate level, but I've seen too many people along the path who don't see why they're on it, aside from societal expectation... they've almost always been disappointed with what they've gained at the end, as it is disconnected from their real-world goals.
(And, yes, I think the skills/trades colleges should likewise be socialized for access)

JoryRFerrell wrote:
The average salary of college professors is around 60k-70k. They are not hurting to survive.
It's also not very much money for someone with their level of education/expertise... being a professor is also a LOT more work than most people realize, with longer hours and fewer days off work than is immediately apparent.
To provide a little comparison, the average starting salary for an engineer or accountant with just their bachaelor (ya know, the people those professors educated/trained) is on par with an experienced professor.
coolclay
While I do believe the amount some schools charge is based on supply and demand I certainly don't think professors are making near enough money for what they do.

The higher education system is highly flawed mostly on the belief that you need it to be successful in life. I was fed that BS my entire life, and so were many of my friends. Here we are with myself having a masters, and many friends holding PhD's and 1/4 of us are on food stamps making $20,000 a year. http://www.npr.org/2012/05/15/152751116/why-so-many-ph-d-s-are-on-food-stamps

There are thousands of millions that dropped out of high school and led extremely successful careers. The line that it takes higher education to make lots of money is not necessarily true.
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