07-26-2016, 08:35 PM
(07-26-2016, 08:10 PM)Belsnickel Wrote: The fund for the business of education is provided in part from tuition and in part from the state government. Other fees pay for student activities, housing, meals, athletics, and other auxiliary services. These funds cannot use tuition money and they cannot be allocated state funds.
Sure, but the student can't pick-and-choose which services they pay for. Student loans are available for the total cost of attendance, save maybe federal subsidy loans but now you're just talking fungible money.
And you're explanation doesn't really explain how tuition growth has been averaging like triple inflation. I don't think that money is going to outrageous salaries, so where does it go? It goes to administrative costs, which if the accounting is anything like I see in business there are lots of loopholes to exploit.
Because, to me, this comes down to college being big business. And so colleges are providing non-educational related things to compete to attract the best students. That costs money, and must ultimately be passed on to the students in cost of attendance. Students are demanding these things (although that's not entirely clear, but colleges definitely perceive that), and thanks to easy money are relatively price insensitive to those costs....at least until they graduate and the bills start coming due.
When banks enable homeowners to take financially irresponsible loans, the answer is punish the banks. When colleges do the same damn thing to students, the answer is punish the taxpayer?!?
--------------------------------------------------------
