NYU Makes Tuition Free for All Medical Students

Re:NYU Makes Tuition Free for All Medical Students by mikec3010 on Thursday August 16, 2018 @04:21PM (#17778132)

I think the reverse of what he said was true: that tuition has risen artificially because of all the free money. But yeah I'm also skeptical that tuition would decrease even close to the same way if the money were removed. I think they'd cut supply before they cut price. Especially with the all too common "but you need a degree" fallacy

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Re:NYU Makes Tuition Free for All Medical Students by Retric on Thursday August 16, 2018 @04:32PM (#17778201)

Let's ballpark things.

Assuming 1 teacher making 100k teaching 20 students * 5 classes * 3 credit hour classes a semester ~= 333$ / credit hour. 128 credit hour degree ~= 43k over 4 years. And that's assuming relatively small average class size and ignoring adjuncts etc.

Yet, many schools are charging 4-10 times that much. The question becomes what are the 3+ other people doing if not teaching and can you get rid of that?

PS: And sure some professors make well over 100k and facilities are not free, but again many people even at expensive schools are pulling in less than that.

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Re:NYU Makes Tuition Free for All Medical Students by mikec3010 on Thursday August 16, 2018 @07:14PM (#17779191)

> Assuming 1 teacher making 100k

Assume a PhD student making a $35k stipend or a foreign grad student making $14/hr.

This covers a good 25%-40% of the curriculum, depending on the institution.

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