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Because that diploma is now usually subsidized by taxpayers, college costs more. Tuition has risen at triple the rate of inflation.
It's not clear students learn more for their extra tuition, but colleges' facilities sure have gotten fancier. They compete by offering things like luxurious swimming pools and gourmet dining. That probably won't help you get a job.
A study found that a third of people haven't detectably learned anything after four years in college.
Although Caplan thinks college is mostly a scam, he says there's one type of person who definitely benefits -- professors like him.
"I'm a tenured professor," he said. "A tenured professor cannot be fired. ... You got a nice income and there are almost no demands upon your time."
Professor Caplan is only expected to teach for five hours a week.
I told him that sounded like a government-subsidized rip-off.
"Yeah. Well, I'm a whistleblower," replied Caplan.
originally posted by: toysforadults
try making more than 20 an hour without one and no there isn't 16 billion trade jobs out there hate to break it to ya as someone going to school to get out of the miserable trades
originally posted by: toysforadults
for those of you who can't add after finishing a degree at Harvard in mathematics 12+4 = 16, yeah 16 years in school and can't do anything marketable, great system
I have been in telecommunications for over 30 years and all I have done is certifications and specialty classes.
originally posted by: toysforadults
a reply to: schuyler
they are 17 and 18 year old kids doing what they're told stop blaming kids for this mess
originally posted by: toysforadults
a reply to: schuyler
they are 17 and 18 year old kids doing what they're told stop blaming kids for this mess
originally posted by: schuyler
originally posted by: toysforadults
a reply to: schuyler
they are 17 and 18 year old kids doing what they're told stop blaming kids for this mess
Sorry, at 18 you are considered an adult. Act like one and be responsible for your own decisions. If you act like a sheeple, you deserve what you get. Stop pretending to be a victim.
originally posted by: Edumakated
Only way to fix this college mess is to significantly curtail student loan financing. Government should get out of it entirely. Second, schools should be required to back at least 10% of said loans so they have some skin in the game to ensure that their students are capable and able to pay any debt the incur to attend school back.
Cutting back on financing and forcing schools to accept some risk of the debt would drive prices down significantly. It creates an incentive for schools to reduce costs as financing will not be readily available and it also makes the school want to ensure their graduates are getting good jobs and not taking on too much debt as the school is on the hook for students who fail.
originally posted by: toysforadults
a reply to: Edumakated
come on be serious with yourself ok...
they spend 12 years being indoctrinated into a totally garbage school system then we expect them to graduate understanding how markets work and making educated informed choices on ROI and conducting cost benefit analysis
no sorry it's not the kids fault it's the adults running the system and the parents who continue to pay for it and enroll their children into it
originally posted by: toysforadults
originally posted by: Edumakated
Only way to fix this college mess is to significantly curtail student loan financing. Government should get out of it entirely. Second, schools should be required to back at least 10% of said loans so they have some skin in the game to ensure that their students are capable and able to pay any debt the incur to attend school back.
Cutting back on financing and forcing schools to accept some risk of the debt would drive prices down significantly. It creates an incentive for schools to reduce costs as financing will not be readily available and it also makes the school want to ensure their graduates are getting good jobs and not taking on too much debt as the school is on the hook for students who fail.
I agree with this as far as post secondary is concerned but I think with a total overhaul in the k-12 age ranges we could redefine the system in a way where on a select few go to university and there they get to work on totally customized curriculum that gives them the tools they need to invent
thats it
what we have now is complete trash