Discussion: Don't Be Fooled: Red Tape Isn't To Blame For Runaway College Costs

Discussion for article #233616

This article could have been composed better and been soooo much more useful if a little more space had been devoted to what is the source for runaway college costs.

The last paragraph threw out some unsupported sentences on that subject, but seriously… did anyone coming to read this article not want to see more on this? As in… if red tape is not to be blamed, what is?

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In short:, the GOP position is this:

Colleges using students as conduits for federal funds in order to saddle them with massive debt for the rest of their lives without any accountability for what was done with those funds = perfectly ok and preferable, because it furthers plutocratic control and the control over the labor force serf class that employers are able to exert (you think maybe $500/month student loan payments pay a role in how scared someone is of trying to find a new job or risk their current one asking for a raise…how beaten down and willing to accept whatever they can get they become…maybe?)

Federal funding for women’s unique medical concerns = every penny must be accounted for because something something Krischun Nashun and woe betides any missing pennies

When I went to a major state university in the late 70s-early 80s, the in-state tuition equaled 130 hours work at the then-minimum wage. Today, it equals 700 hours worked at the minimum wage. Even if the minimum wage had kept pace with inflation, it would require almost 400 hours worked.

The point is, college USED to be affordable on a part-time job.Nowadays it’s not.

What’s increasing the costs so much? A large part is the pullback in support from states. But another part is student loans, which keep those campuses flush with cash, and unbridled expansion/builidng at larger universities.

If the student loan bubble ever pops, college towns are going to experience depressions.

Is there any way anybody knows of to short student loans? Because there’s a killing to be made if there’s a way.

It’s the goverment protected loan-sharking…

Where knees are not capped
Where legs are not broken

But the vampires are allowed to suck the very marrow of the middle class dry.

One is the enormous inflation of administration, which they will claim is due to regulation, but is instead the result of those in charge deciding that education is just another revenue stream to be exploited to the maximum for those who can get a piece of the action–professorial salaries are topping out in CA at 120K while administrator salaries are 400K and waaay above.

There has been virtually no hiring of young assistant professors as the universities use the Bain capital model of cheap labor: exploiting the PhDs they have just educated (and put in great debt) to do 50% and above of all teaching of undergraduates, at lower than bargain basement prices as lecturers or ‘freeway fliers’ piecing together teaching jobs in several different schools.

The administrators think this situation is just peachy keen.

Students are suffering, teaching is not at the highest level, and research excellence inevitably declines.

But hey–the guys at the top are getting theirs, so who cares?

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They are now direct government loans, so it’s hard. You can short Treasuries, but when crises hit, people run to them, so that won’t work either.

Whoever claimed that? Out of pocket expense has increased at public schools because of the dramatic reduction in federal and state tuition support. In Washington State there is no other reason.

Can’t speak to private schools which are, if you can get in, actually a “better buy,” if still more expensive, as they generally provide better education and a degree from Stanford will find its way to the top of a pile of job applicants a lot faster than one from Southern Illinois.