Every kid about to choose a college should read @FrankBruni's 'Where You Go Is Not Who You'll Be' @paulg @pmarcapic.twitter.com/qXXqpjvLyQ
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Every kid about to choose a college should read @FrankBruni's 'Where You Go Is Not Who You'll Be' @paulg @pmarcapic.twitter.com/qXXqpjvLyQ
@Khanoisseur We observed something similar at YC: http://paulgraham.com/colleges.html
@harryh @paulg government data on inflation is very interesting - best indicator of where innovation is needed. http://www.bea.gov/iTable/iTable.cfm?reqid=9&step=3&isuri=1&904=2006&903=69&906=q&905=2013&910=x&911=1#reqid=9&step=3&isuri=1&904=2006&903=69&906=q&905=2013&910=x&911=1 …
.@cdixon @pmarca great chart! You inspired me to graph the same data: http://numbersbox.blogspot.com/2015/03/price-changes-in-consumer-products-tech.html …pic.twitter.com/Y0UdXlKta4
@paulg something happened in the 80s. Since then rise in costs and non teaching faculty.pic.twitter.com/Id5JordTeg
@stevesi That is very clear from this graph:https://twitter.com/Mark_J_Perry/status/576890867014889473 …
@paulg believe the theory is a supply demand shift due to start of Gen X.
@stevesi How can e.g. Harvard as an institution feel the difference between a demand/supply ratio of 10 and one of 15?
@paulg Admission rates are now 1/2 to 1/3rd what they were in 1980 at elite schools. ==> charge more to attend (though use fin aid more too)
@stevesi @paulg state funding of public 4-year schools dropped as costs rose, See page 21-22 here: http://www.treasury.gov/connect/blog/Documents/20121212_Economics%20of%20Higher%20Ed_vFINAL.pdf …
@gabrieljfishman @paulg Many universities claimed non-linear expenses wrt to growth. Selective school class size hasn't grown (supply!)
@stevesi @gabrieljfishman read somewhere that 1/3 of for-profit revenue goes to marketing. For profits definitely driving much of that incr
@paulg @kimmaicutler studied this a bit at Caltech. Top University Prez incentivized by capital fundraising projects....
@paulg @kimmaicutler Donors tie tuition to value/implicit ranking. Higher tuition, higher relative ranking, more successful fundraising...
@paulg @kimmaicutler Ultimately leads to a more "successful" Univ. President. Lower tier schools follow the higher tier ones' lead
@paulg @kimmaicutler Further context is progressive nature of tuition hikes, as initially most students saw tuition hikes matched by grant..
@paulg @kimmaicutler increases, but modern tuition hikes are paired with loan hikes.
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