Re:The college debt crisis is worse than it seems
by chiph on Monday May 23, 2016 @03:20PM
(#11756152)
> constant expensive campus development
I don't understand all the amenities that modern universities have (gourmet meals, private rooms, hot tubs, etc). I didn't have time for any of that - I had to study and work at my part-time job so I'd have gas & pizza money. We weren't wearing hair shirts by any means, but living in the dorms made you appreciate things afterwards.
Regarding the rising debt - it's cynical of me, but I wonder if universities don't care about their graduation rates any more. After all, there'll be another freshmen class showing up in a few months and they'll also be waving federal college aid checks at the bursar. So if students drop-out (or are on academic suspension), it's no skin off the universities' back that the student still owes all that money.
I don't understand all the amenities that modern universities have (gourmet meals, private rooms, hot tubs, etc). I didn't have time for any of that - I had to study and work at my part-time job so I'd have gas & pizza money. We weren't wearing hair shirts by any means, but living in the dorms made you appreciate things afterwards.
Regarding the rising debt - it's cynical of me, but I wonder if universities don't care about their graduation rates any more. After all, there'll be another freshmen class showing up in a few months and they'll also be waving federal college aid checks at the bursar. So if students drop-out (or are on academic suspension), it's no skin off the universities' back that the student still owes all that money.