Re:College Tuition Cost Rising Again This Fall
by jimbokun on Tuesday October 20, 2009 @03:50PM
(#893184)
How much of that money is going to fancy dorms, athletic facilities, and administrator salaries?
The problem is that the correlation between cost and quality of education has broken down. The government spends ever more money on education, with little net increase in the amount of educating because universities simply raise prices for the exact same product.
If the money is going to state schools where the government also gets a say in tuition costs, that's one thing. But government money going to private universities simply transfers public money into private endowments with little or no public accounting.
The problem is that the correlation between cost and quality of education has broken down. The government spends ever more money on education, with little net increase in the amount of educating because universities simply raise prices for the exact same product.
If the money is going to state schools where the government also gets a say in tuition costs, that's one thing. But government money going to private universities simply transfers public money into private endowments with little or no public accounting.