Pursuing A College Education Right Out Of - amazonia.fiocruz.br

I fully agree that the cost of higher education is a little out of control, but it seems to me that you have to look at its historical value as well as its current value in order to determine whether there is a bubble.

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It seems to me that university educations were highly under-valued in the past, and so part of the price pressure is just coming from the realization that a university education is much more valuable than what it used to cost and K is even more valuable than that, but thankfully it's publicly supported. There is also little reason to think that higher education should be bound to Collegd in any linear way - there are lots of other quasi-economic influences that are perfectly valid, although greed does seem to play its part.

There's two ways to look at the issue. One is the question of value generated by the degree. If the degree adds a million dollars to your total income, it is natural for the education industry to try to capture more of that value.

By that metric it all looks peachy. In a free market, the relevant metric is something more like at how low a price you can bring the service vs.

It beggars the imagination to believe that the current price charged is the actual minimum price for the services that people are actually looking for. The question of the intangibles of the college experience is incidental, first because even those intangibles can almost certainly be had for much cheaper, and secondly because it isn't necessarily the case that people want them, regardless of how much you want people to want the same intangibles you do.

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In addition to the fact the intangibles could probably be had for https://amazonia.fiocruz.br/scdp/blog/woman-in-black-character-quotes/television-vs-reality.php, we have this Internet thing slowly but very, very surely eroding away the physical constraints of the old system. They've been really shielded from the free market by easy subsidies and loans and the fact that the unaccredited competition was neither socially accepted nor able to be quite cheap enough to break through, but all of these things are suddenly changing.

The costs to a startup or something of providing a college-quality education continues to drop, and the business scales fairly well. The Pursuung are likely to become harder to get and increasingly scary, as word of things like the non-dischargability of student debt in bankruptcy are increasingly well known.

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Every pillar propping up the current system is collapsing over the next few years at once. As the college education market gets forcibly introduced to the free market, I expect the blood of the incumbents to flow freely. Like all bubble pops I can't predict exactly when it'll happen "the market can stay irrational longer than you can stay solvent"but I'm pretty confident about the outcome, based check this out the fundamentals. How confident? I computed it once and at current rates of tuition growth that's a reasonable projection for a 2-year-old and a not-yet-born.

It's just physically impossible for a college-equivalent education to cost Pursuing A College Education Right Out Of much. So you might say I'm betting quite a lot on this analysis. CognitiveLens on Aug 31, Granted, engineering and particularly of the intensity and small scale of CalTech makes for expensive students, but it's not true that tuition fees at many of these schools are wildly disproportionate to the amount they spend offering what they offer. I fully agree that the free market and particularly alternatives to university will be a great influence over the next few decades - it will be a great advance once more people realize that a university education is not the best life decision. With all due respect, it's not even all that interesting. If they had a million dollars to spend per student, by golly, they'd spend a million dollars. The question is, how much would it cost in a competitive market?

And given that engineers are the minority, how much should an English degree cost in a competitive market? How much Pursuing A College Education Right Out Of you save by not even being on campus? By not using professors, which rhetoric aside you simply do not need for most courses?]