https://old.reddit.com/r/todayilearned/comments/1iu1tvh/til_the_university_of_alabama_is_the_number_one/
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There is no better example of useless glut than American universities
I doubt this is the W libs think it is
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It's wild that the conversation around student loans is about loan forgiveness instead of the universities being allowed to charge that much in the first place.
Yeah no, the army of overpaid administrators is not worth the insanely increased tuition prices.
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I'm sure giving the universities even more free money would make them charge less
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At least the money is mostly going to professors and other teaching faculty.
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The problem is the students themselves want to pay for things that aren't teaching. Imagine a college with only classes: no football team, no parties, no dorms, no acapella groups. What 18 yo wants to attend that? Colleges are expensive because they are a four year adult summer camp.
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They got this way because cost stopped being a factor in deciding where to attend when the govt guaranteed unlimited loans. So universities now compete on "perks" and not on value.
If student loans were bankruptable so lenders were more cautious with who they lent to and how much (only reasonable sums for degrees that you'll reasonably be able to get a good job with), then incoming students would have an infinite money faucet and they'd consider value more.
We already have this ofc. Most state universities have programs where they'll accept credits from a vastly cheaper community college for the first couple years, typically they're basically "pre-accepted" so you can be reasonably sure that your credits will transfer over. Go to community college for 2 years, pay literally like a fifth as much during that time, then do your last two years at your state's university. Some students even do this, but they're in the minority because most students don't really give a shit about the cost.
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Schools have had extracurriculars forever though, and college tuitions didn't explode in the US until the last 25 years or so. It's a problem of scale imo. And admin bloat doesn't help at all
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Cost disease. That is the only explanation for American prices that I am aware of.
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