Note how debt and tuition go up in parallel. Not stopping yet.pic.twitter.com/aEuEoTnxP8
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Don't forget the impact flows over to the rest of the economypic.twitter.com/SJgACZBTXi
Look at how the debt is shifting from just young people to older folks that should be retiring. Courtesy @upfinacompic.twitter.com/Wl68te903U
The opposite of Moore’s law. The price of technology has decreased at the same rate education has increased. It almost seems intentional engineered, as though technology poses as threat to these monolithic printed book loving institutions. The educational industrial complex.
There is a an authoratative version of that on the Bureau of Labor Statistic website that shows back to 2006 in more detail: https://www.bls.gov/opub/ted/2016/college-tuition-and-fees-increase-63-percent-since-january-2006.htm …
And very little of the cost has provided a better educational product
This is just terrible.
Good fucking god
Fantastic thread. Do you have this chart but with the figures adjusted for inflation?
Looks tuition fees took off right around the 8 years while Bill Clinton was in office. I think when Clinton took away federal subsidizes to Colleges and also to Hospitals back then. Then I could be wrong. #Resist
The ironic thing is that a big reason for this increase is guaranteed federal student loans, which have increased demand for college education so greatly that college has basically become mandatory for anyone who wants a decent career.
What s with the climb in medical care? Did the govt subsidize that as well?
Maybe dumb question but what happened circa 2002 that jacked up the slope of tuition & fees? Know uptick in debt was Obama expanding access but didn’t fully appreciate how much of a lagging indicator that was
I started at a private college in 1977, graduated with debt about equal to one year salary of my first job, and paid it off on schedule... for someone starting now they’d owe 2 to 5 x salary _if_ they got a decent job.
Demand Supply Ting
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