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Friday, July 20, 2012

Student Loan Debt Sours Public Opinion On College Degrees' Worth

Students loans are scary, especially when a lot of promises that colleges make before graduation, are not true. With some private colleges charging over $50,000 a year, it's hard to justify a $200,000 degree. My advice is pick the major, and then the college.

I did not realize this:

One implication of the rising elasticity of demand is that tuition price hikes at non-selective schools at some point produce less revenue, not more. Colleges have tried to avoid this by ever greater use of differential pricing, charging the "rich" (whose demand is less sensitive to price) more than the poor. The federal government facilitates that by its nefarious FAFSA (Free Application for Federal Student Aid) form, which gives colleges lots of private financial information about their customers. But they have now largely maximized their ability to squeeze dollars from this practice.

Student Loan Debt Sours Public Opinion On College Degrees' Worth - Huffington Post

Elite College ($50,000 a Year) or Good State School ($20,000)? - Minding the Campus



Anonymous Anonymous said...

In this age, college is the new high school.

July 20, 2012 at 10:08 PM  
Blogger Ray Ritchey said...

I agree, some high schools do a terrible job of educating students with useful skills, same for some colleges. The trade school track has disappeared from so many high schools in CA, and the junior colleges have taken this over. Another issue is how many college degrees have a low value, while at the same time college cost keeps on increasing higher and higher.

July 24, 2012 at 2:46 PM  
Blogger Ray Ritchey said...

Not to mention the high drop out rate at many High Schools, and low graduation rate of so many colleges.

July 24, 2012 at 2:47 PM  

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