On the cost of Education

[Belsnickel]

(07-26-2016, 08:35 PM)JustWinBaby Wrote: 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?!?

In all seriousness, I will try to look into this more at work. Because I have access to more in depth information than most I can, if I remember to, try to provide a breakdown of where these increases have actually been coming from. Whether tuition or the other fees, and I will see if I can find anything budget wise on the tuition increases. The issue is what I can share from online sources ans what I have in spreadsheets in different.