Is College Cost Too Much - amazonia.fiocruz.br

How is it that college costs have soared so completely out of control that we now face a terrifying tuition bubble, crushing levels of college debt on families and students and an imminent student loan collapse?

Many ideas have been posited to attempt to explain the growing disconnect of American college tuition pricing from the rationality that governs every other market-based consumer good. Here are a few:. Higher education is more costly to deliver today because of expensive faculty research and the https://amazonia.fiocruz.br/scdp/blog/woman-in-black-character-quotes/why-same-sex-marriage-is-morally-right.php to keep up with rising technology demands. College costs too much because each institution must compete with other Is College Cost Too Much institutions in an escalating arms race of luxury amenities to attract top students.

It costs too much because parents think that expensive things have more value and so colleges must raise their prices to maintain the desirable Too of high quality. It costs too much because society is so much more complex these days that colleges must now hire vast armies of high-paid mid-level bureaucrats to manage and administer it all.

While interesting theories on the irrationality of college tuition prices abound, the real reason for the Muvh of college pricing is quite simple and easy to explain. The answer lies with Karl Marx, who asserted the idealistic guiding principle of communism and college pricing: From each according to his ability, to each according to his need.

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Fifty years ago, with the passage of the original Higher Education Act, Congress adopted this premise and interpreted it to mean, "From each according to his ability [to pay], and to each according to his [demonstrated] need. Johnson asserted that, "Education in this day and age is a necessity. Colleges were quick and eager to raise tuition prices accordingly, taking into account the external Is College Cost Too Much help now available to students who "demonstrate" that they "need" it. On the high end, tuition prices began to be set specifically to extract as much money as possible from applicants with presumed greater "ability" to pay.

WHY COLLEGE IS TOO EXPENSIVE

You know you're dealing in Marxist economics when different consumers face different prices to purchase the exact same product. You don't just walk into a college and say, "How much does it cost to go here? There are forms to be filled out first! First we have Tooo analyze and judge you. Tuition pricing has nothing at all to do with what it actually costs the school to deliver the product with a reasonable profit margin built in. Those rational market forces ceased to operate in American Higher Education half a century ago.

Now, individualized prices are set by centralized powers-that-be, who take a close intimate look at your personal finances and determine where you fit on the sliding scale of decreed marxist "fairness. The inevitable results of employing the Marxist pricing model in academia have now reached full fruition.

A New Study Investigates Why College Tuition Is So Expensive

In terms of inflation, nothing else even comes close to college tuition costs. Thus, in predictable unintended consequential Marxist fashion, the end result is the precise antithesis of what was proposed. Rather than ensuring affordable tuition, this system has created the most unaffordable and preposterous tuitions that could ever have been imagined, with no end in sight, other than bankruptcy--personal, national, or both.]