BuckBackHome;644768; said:
The study released today was the perfect reason college should be more affordable. College grads make $23K more a year than those with just high school degrees.
BUT... a person with a Masters tends to make less than a person with a BS and a person with a PHD tends to make less than a person with a Masters.
Why? something like 80% of the Masters degrees awarded go for education, social work, nursing. PHD means you're heading for college work and pay for professors is not anywhere near keeping up with the pay for teachers in good public school districts.
Other factors in the rising cost of education is the rising cost of health insurance for the faculty, staff and administration... a fee within a fee, so to speak.
But the biggest single factor IMO is that colleges are part of an unholy alliance between money sources, administrators, contractors and the trade unions. Buildings produce jobs and income.
Remember Jim Rhodes and his constant harping about jobs, jobs, jobs? Watch what happens when state monies dry up. Politicians will cut back on services, close state parks, trim police forces, eliminate programs for seniors, kids, people with disabilities, but they'll make sure the highway and building funds don't get trimmed. That's the holy cow of election funding.
BTW, my first quarter at OSU was fall of 1961. My tuition was $75! I had a room in Park Hall, 20 meals a week, maid service everyday and I paid less than a thousand to spend the year there. I could go home, get a job on a GM assembly line and make enough money to pay my own way through school. I pity today's student.