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Personal Finances / Living Below Your Means
|Subject: Re: WSJ: $10K College Degree||Date: 10/8/2012 10:34 PM|
|Author: pauleckler||Number: 867966 of 887919|
That ignores the cost of the building/classroom. . . . [etc]
I agree that universities have other expenses. And that some classes are smaller. It is also true that many are taught by underpaid adjunct professors (ie temp contract employees with minimal or no benefits) or even by graduate students.
Those high prestige universities also have large endowment funds that are supposed to help support the school. And let's not forget that public universities and junior colleges receive substantial amounts of public funds.
I think much of the money goes to support those research programs ("publish or perish") that build prestige for the university. Yes, faculty says they may work any 80 hrs per week they like.
My point is simply costs seem to be out of control. Making a college education unaffordable to many. We need a better formula that is a bit less based on "all the market will bear."
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