Where do you fit in?

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Florwood wrote:
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See that small crack there between the two frames? That's where I am

huh, last I checked education was not making up 60% of most government budgets...

When I was at Snow College (eww...) for a year, there was going to be a tuition increase of something like 7%. The student government rallied the troops and many made signs that said things like "I'm a starving student, you're taking food out of my mouth" or "make education affordable" etc. At this time tuition was around $700 dollars a semester and most these kids had big screens, game consoles, laptops, etc. etc. etc. School's not cheap, get a scholarship, get a grant, get a loan, and get it done!

Schmoe wrote:
School's not cheap, get a scholarship, get a grant, get a loan, and get it done!

Or, maybe, get a job? If you don't have a scholarship already, it's not going to hurt to put school off while you save up a little.

Sammich wrote:

School's not cheap, get a scholarship, get a grant, get a loan, and get it done!

Or, maybe, get a job? If you don't have a scholarship already, it's not going to hurt to put school off while you save up a little.

Agreed to a certain point. I think it's important to get it done in a reasonable amount of time or you probably won't get it done at all. I guess I didn't think about saying that because I work full time and go to school full time already.

Something else to consider...the demand for many of these institutions is so high that even at $50,000/ year, they are STILL not even close to a market supply/demand equilibrium. They could charge MUCH MUCH higher prices before admissions would start dropping off to a point where they wouldn't fill.



These schools know very well what the demand is like and how many sacrifices their students and their parents are willing to pay. So for the majority of these institutions, what is the number one source of tuition hikes?



It's what all the other schools are planning on charging.



Another piece, at least for one Ivy League school I'm familiar with, is that tuition does not make up more than 5% or so of their operating budget. It's federal and private grants, their massive endowment, and private donors that make up the bulk. Tuition is a drop in the bucket.

CougarClaw wrote:
Something else to consider...the demand for many of these institutions is so high that even at $50,000/ year, they are STILL not even close to a market supply/demand equilibrium. They could charge MUCH MUCH higher prices before admissions would start dropping off to a point where they wouldn't fill.



These schools know very well what the demand is like and how many sacrifices their students and their parents are willing to pay. So for the majority of these institutions, what is the number one source of tuition hikes?



It's what all the other schools are planning on charging.



Another piece, at least for one Ivy League school I'm familiar with, is that tuition does not make up more than 5% or so of their operating budget. It's federal and private grants, their massive endowment, and private donors that make up the bulk. Tuition is a drop in the bucket.

It's less about what the parents will pay, and more about what the government will pay/lend.

CougarClaw wrote:
Something else to consider...the demand for many of these institutions is so high that even at $50,000/ year, they are STILL not even close to a market supply/demand equilibrium.

Snow College is at $50k a year now?!

Florwood wrote:

Something else to consider...the demand for many of these institutions is so high that even at $50,000/ year, they are STILL not even close to a market supply/demand equilibrium.

Snow College is at $50k a year now?!

Haha, that'll be the day! You can put a whole polygamous family through Snow for that much.

Just more evidence that the entitlement generation is in fact the entitlement generation.



Education is not a right. Freedom of speech is a right.



Unlimited and free health care is not a right. Bearing arms is a right.



If you can't afford tuition then go somewhere else where you can afford it. Nobody cares where you got your undergraduate degree.



Somewhere a liberal is busy at work trying to figure out how government can solve this crisis.