No university president feels responsible for making college cost so much, because all did it in sync. Like a firing squad.
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@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 -
@hypatiadotca@stevesi@gabrieljfishman And then there's that whole sports obsession thing that I never really understood... -
@KarlTheMartian@stevesi@gabrieljfishman srsly tho the for profit school stuff is nightmarish: http://www.theatlantic.com/features/archive/2014/08/the-law-school-scam/375069/ … -
@hypatiadotca@KarlTheMartian@gabrieljfishman This is actually getting worse and relates to student loan defaults though many benefit lots. -
@stevesi@hypatiadotca@gabrieljfishman A multi-sided market (students, schools, govts, financiers) with misaligned incentives? - 2 more replies
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@paulg@stevesi@ahsanhilal:@paulg@stevesi it is generally due to higher administrative/marketing costs https://medium.com/i-m-h-o/educated-and-poor-35d383a4fbad … -
@ahsanhilal@paulg@stevesi higher ed and gov are like the taxi mafia, they rig supply/demand and prices.
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@paulg@stevesi on the subject: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/08/28/the-tuition-is-too-damn-high-part-iii-the-three-reasons-tuition-is-rising/ … attributes rising tuition to rising research spending & less fed/state funding -
@DShankar@paulg@dylanmatt Don't buy it. http://www.aaas.org/page/historical-trends-federal-rd … Reagan increased spending in real $.pic.twitter.com/i5YatbXJ0Q
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