(no subject)

[thedabara-cds.livejournal.com]

Comments

[yes-justice.livejournal.com]

This is sick. Not the cartoon, the fact that education is so unaffordable.

[trog.livejournal.com]

It used to be affordable.

[fizzyland.livejournal.com]

Sure glad they fixed that!

/and we've been dropping in education rankings ever since

[spamwarrior.livejournal.com]

It doesn't have value anymore, so the price of it doesn't respond to normal supply/damend - having a college degree doesn't really mean shit nowadays. I'm collecting them (on my 3rd!) and can't find work.

[lafinjack.livejournal.com]

Thanks, private market!

[trog.livejournal.com]

Hahahaha, yeah it became unaffordable because of a lack of government intervention! OMFG

[oslo.livejournal.com]

I have never seen anyone blaming the government for tuition prices provide a coherent economic argument for how this happens. I get that direct government lending and financial aid, federal guarantees, and laws preventing the discharge of student loans in bankruptcy may be causing an over-supply of cheap student loans. I think that's all pretty plausible as a matter of economic theory, and it is, moreover, the intention behind those policies. But the required causal nexus isn't typically explained with any kind of rigor: How does an over-supply of cheap student loans cause inflation in tuition?

It would seem to me that tuition increases can be more plausibly explained by citing, among other things, the relative inelasticity of demand for higher education in a market where it is broadly (and perhaps genuinely) perceived as a prerequisite to gainful employment, current market trends in higher education (with its greater emphasis on showy, expensive, and new campuses, facilities, and amenities, which are relied on to distinguish options because consumers are generally otherwise unsophisticated), to a certain extent premium pricing, etc., than by waving one's hands at "cheap" student loans.

[brother-dour.livejournal.com]

True story:

Before 2003, no public university in Texas could raise tuition more than 0.75% without approval from the state legislature. In 2004, that limitation was removed.

Fast forward to 2014. College enrollment in public universities in Texas has increased 13% since then- but tuition has increased 38%. Can't for the life of me understand why...

[hardblue.livejournal.com]

They said that education is a lifelong proposition, but
I didn't think this is what they had in mind.

[bibliophile-26.livejournal.com]

Love this. Thanks for sharing.