y0da1927

y0da1927 t1_j8fsl5i wrote

https://www.clevelandfed.org/publications/economic-commentary/2012/ec-201210-the-college-wage-premium

These data show that the college wage premium increased rapidly through the 1980s and early part of the 1990s, rising from 40 percent to upwards of 70 percent. Since the late 1990s, the premium has experienced a much slower rate of growth, drifting at times below and above 80 percent.

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y0da1927 t1_j4v3lqc wrote

Those who go to school earn a sufficiently high wage premium that they do not require subsidization. End of story.

If they want a budget option they are available.

I see no reason to give future high earners tens of thousands of public dollars and have the public assume all the risk if they fail. Figure it out for yourself or don't go.

The problems have not been solved in other countries. They are just hiding in bloated government spending that benefits only high earners and shifts all the risk to the public. Hard pass.

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y0da1927 t1_j4sm5ss wrote

Community college. Online school, or go to another country. A better accreditation system would help as currently the colleges themselves get to gate keep who can offer classes and how.

But there are affordable schools out there. Cuny Brooklyn is like 5k tuition for example.

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y0da1927 t1_j4r0zov wrote

>Or an example of competition in no way benefitting the consumer.

They get nice shit when they study. That's definitely a benefit.

Seems like kids want nice shit more than they want cheap school. Otherwise most of these private schools wouldn't exist, everyone would go to Suny Binghamton for 4k/yr not Syracuse for $40k.

The consumer does not seem to be too concerned with cost during the selection process.

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y0da1927 t1_j4qfl1t wrote

The extra amenities don't pay for themselves.

The college my dad went to was basically an oversized high school. Then my sister went to look at it a few years ago and now it's really nice. New dorms, new gym, new library and labs. New cafeteria.

Like 7x the price.

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