Published: Thursday, June 14 2012 9:59 a.m. MDT
The appetite for money exhibited by colleges and universities is insatiable.
There is only one way to stop this inflationary trend: stop buying. Once demand
for overpriced education services drops, the price will, too. Students and
parents have to stop falling for line that they MUST have a degree from an elite
university, and they should get used to the reality that the future of education
is virtual campuses.
Re: SEY Sandy, UT"There is only one way to stop this inflationary
trend: stop buying."Those who don't want to "buy"
their education are free to step aside so those waiting in line behind them can
@ Rifleman: of course they are. And?
Re: SEY Sandy, UT"@ Rifleman: of course they are. And?"And those who don't want to make the sacrifice to get an education can
work at McDonald's while those who do put forth the effort can get the well
paying jobs.This isn't "No Child Left Behind". and
those who put forth the effort can also get scholarships.
Same reason why gas prices have jumped. Same reason why the price for almost
everything has jumped in the past few years. Because CEOs and those
in power want more money and the public is willing to pay for it/go into debt
for it. Just under a year Utah "rewarded" all their public
high education Presidents with huge pay increases. As if being paid 200k+,
having a mansion provided, free health care, other perks weren't
compensation enough. The public became outraged and many either rejected their
increase or donated the funds (our tax and tuition money) to
charities/scholarships. This is exactly what's wrong with
education and business today. Too much greed. Just because we "can" pay
these president's more, doesn't mean we should. Just because the
public "can" pay more in tuition/increase their debt, doesn't mean
that they should. Stop giving CEOs and University Presidents/upper
management so much money. Keep the money in the hands of the students/taxpayers.
I couldn't agree with you more, SEY. I have only a high school diploma,
although I'm an avid autodidact and have been all my life. You cannot stop
those who truly want an education and don't care about the status of of a
degree or a particular college attended. Where a four-year college
degree used to open the doors to employment, many employers now all but
disregard a Batchelor's degree. Further, It is more than possible to be
gainfully employed without a degree. I was a successful entrepreneur, creating
and running a clothing business that cleared over four figures per year. We encouraged our children to consider college only as an option. My
daughter, our eldest, now a middle manager at Dell Computers, lacks a college
degree as does our son, who is the head of information services at a large
corporation. Only our youngest is pursuing a college education, the first 3
years of which were conducted at community colleges. Not only does he support
himself while putting himself through school, but he carries not once cent of
student loan.Higher education has become a racket. Consider all
options before buying into the hype.
@ Rifleman: don't be silly. It's not a choice of the overpriced
colleges and universites or hit the streets. My point is that there are
lower-cost options that will provide an equivalent level of training and
education. It makes no sense to keep paying through the nose when the same
quality can be obtained at much lower costs. It also makes no sense in light of
the startling number of students who drop out and are burdened with school loans
for the next 10 years or so. The rate of deliquency on school loans is about
25%, and defaults are about 8%. All told, the level of student debt is about $1
trillion. That's why so many are calling it the next economic bubble to
collapse, triggering another round of bailouts. See where it's going?
If everyone has a college degree, why distinguishes you from the rest. It might
be better to get out and work your way up the corporate ladder, and prove your
One big reason for increased tuition rates is that states have drastically
reduced their funding of post-secondary education.
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