Brown University raising $120M to eliminate all student loans

Re:Brown University raising $120M to eliminate all student l... by rbcgerard on Tuesday November 28, 2017 @11:36AM (#15798760)

According to Bain between 1995 and 2010 universities are proportionately spending significantly less on instruction and more on admin and support, and many of the universities spending is unsustainable. https://news.ycombinator.com/item?id=11337193

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Re:Brown University raising $120M to eliminate all student l... by theseatoms on Tuesday November 28, 2017 @12:49PM (#15799536)

This parallels the healthcare sector, where administrative costs have outpaced the cost of actual care. Both are markets heavily distorted by the federal government.

I worry that there's no solution to these problems that won't displace very many workers. One man's cost is another man's salary.

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Re:Brown University raising $120M to eliminate all student l... by ultraluminous on Tuesday November 28, 2017 @02:41PM (#15800677)

Both are markets heavily distorted by the federal government.

That's one way to look at it. Another way to look at it is that those "markets" are fundamentally distorted by the in-elasticity of demand. People generally need education and healthcare.

Coincidentally, that's the way almost all of the non-US world chooses to look at it.

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