US College Costs “skyrocket” beyond inflation — huge defaults — and college professors stay “mum” about addressing the problem
There has been a huge problem with skyrocketing college costs that are far beyond the costs of inflation. So much so that total tuition debt will surpass total mortgage debt.
You say it’s rising with everything else over the years, this is not the case. College expense has soared way beyond normal inflation.
Ant this is an old chart.
Who can defend such a difference? Where is the dialogue? Why isn’t this a business case study in Universities ?
I think what we see here is a “business” that is defrauding the select students that can even afford colleges and graduate in debt up to there ears.
Why do you have colleges raising the costs of education onto student when these Universities receive $ Billions in endowment monies from alumni.
Why is such an easy to see problem ignored?
The Americans need to say “enough is enough” to these institution. Students are in debt up to their butts and the colleges have $Billions in the bank and climbing.
Something is wrong with this picture.
It is not normal to start your life in debt just for getting a job!
See...we are using common sense. This must be banned in todays College courses. This should be a 2018 campaign issue — who can solve it? Let’s hear.
You are absolutely correct, something is very wrong with this picture and you said it clearly. The universities in the United States are businesses. They are maximizing profit from any person who is willing to pay for something that doesn't give you much of an edge over others who have the same degree. The competition for a college degree doesn't give anything of value to the millions people who are all seeking the same jobs. Americans were lied to and they are still being lied to about the promise of investing in your future with the promise of your future career is supposed to pay for in no time... Like that happens for 99% of people graduating from a university with a bachelors degree... that is laughable. Now the competition is for masters degrees, which cost even more money. To be continued...
Between this and healthcare pharmaceutical costs, i don’t understand why more people don’t demand change. Very odd indeed.
I heard a talking head on TV last week say the price of education can be reduced by 90% through AT... artificial Intelligence technology we have today. Get rid of the high paying salaries and massive real estate up-keep. Don't matter where kids learn. When you are paying for higher learning you will learn or waste the money.
I agree that with technology costs really can be cut —- it’s the culture that has grown out of control. They can do it. They will need to be forced to I’m afraid.
Agree wholeheartedly. I like the way you pointed out that costs have outpaced inflation and other household expenses by a wide margin. It's not normal and a sea change needs to occur within the system.
Yes...they don’t like to talk about facts sometimes.