iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

2 comments

  1. TraderCaddy

    It is rather easy to reduce costs but the Institutions being made up mostly of lefties won’t do it.
    Professors have to teach a minimum number of hours (meaning no useless research-they use grad students to do it anyway) and get rid of BS curriculum like Women’s studies, Peace studies, etc.

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    • ottnott

      Don’t pull things out of your butt, TC.

      A huge portion of the rise in tuition cost is a reflection of the fact that government subsidy of colleges and universities has been declining over a long period and there have been some especially steep declines in recent years.

      The tuition increases have been steep even at 2-year community colleges, where there is no research and professors earn diddly. Likewise, lower-tier public universities, where there is very little research going on, have also had high tuition increases.

      As for grad students doing all the research – let’s just say that you have an inflated notion of what grad students are able to do on their own.

      A big driver of costs is the emphasis on science and engineering education, which require expensive labs and need to be updated frequently. They also have to pay up for the talent. Highly regarded professors (which help bring in the best grad students as well as the research grants) are in high demand and often have the option of even higher salaries in industry if they decide to leave academia.

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