One reason is excessive endowment funds. This is a huge scandal.
Sam I know you!!! Hi!Guess to narrow it I was in your English class with
"t" and Mac daddy. And yeah, tuition is out of control. Who knows why,
but it seems like something there are many things that drive the costs.
(benefits ever on the increase due to legislation, sports costing or wanting
more, financial aide for more affirmative action students, PR campaigns for the
But declining state revenue given to higher education institutions IS one of the
main reasons for Utah's tuition increases the last couple years.
I have to believe that higher education costs are in an economic bubble, much
like real estate was. And just as real estate priced itself out of the market,
student debt is getting maxxed out. College education (yes, I have a BA degree)
is overrated and overpriced for most students. That's why so few actually
obtain their degrees ("College: the best seven years of my life!"). Whether they finish or not, they live with school loan debt for the next
10 or so years, or they default. The deliquency rate is close to 25% and
climbing. That inevitably means another series of bank bailouts.George Will wrote an excellent column a few days ago about this very subject.
Courses have become watered down, especially for liberal arts students, just so
they can attract and keep students who might otherwise have dropped out earlier.
There are alternatives to the expensive traditional route that the
writer and other students should explore, particularly the colleges of the
Great comment, SEY. I completely agree. I'd add that college grads
aren't being trained for the jobs that are available, either. There's
a definite disconnect. I'm familiar with several grads who have pursued and
obtained degrees, both undergraduate and graduate, only to find very few job
opportunities in their fields of study...and the albatross of a large school
loan around their necks.