#022 — Slashing college tuition is necessary.
College tuition has skyrocketed and completely outpaced inflation over two decades. As a result, college tuition has become a looming bubble that #022 #022 — Government and schools are finally getting under control.
The outlook on the price of tuition was viewed incorrectly by universities. Schools should not be pricing students out, and high tuition should not be a prestige metric.
The average Ivy League college student pays the same as the total cost of most state colleges. New buildings should not increase ranking scores; job placement should, even though it already does, but the ratio should be much more concentrated on jobs.
The Biden administration is already focusing on paying a certain amount of outstanding federal debt as they realize that this problem should have been rectified a decade ago.
College tuition is wrecking economics and making social mobility more complicated to achieve. A college degree, outside of what you learn, is similar to a taxi medallion. You need it to work at private companies.
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Pricing people out keeps those priced out, unable to afford specific opportunities.
College coaches bring a successful sports team and add to the university experience. Deans make the curriculum at schools better; professors teach material that most people don’t know that they don’t know.
I guess I am indifferent, but if we had all of these things in the past, why is it that we have them now at a much higher cost than before, inflation-adjusted?
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Originally published on LinkedIn in 12/2022
