It’s a crisis. Costs are skyrocketing for this faster than anything else. Something has to be done.
Educational costs are rising faster than a Delta weather rocket.
The ballooning costs of higher education dwarfs the increased costs of health care:
We’re being drained for educational expenditures- what do we get for it? Less and less.
And yet, somehow the United States continues to lag the world in education. This is a lousy return on investment. Let’s have a look as to why the costs of education are exploding.
Schools pay educators to teach one course while running for political office.
The fun began when Democratic challenger Elizabeth Warren, a law professor at Harvard, attacked Mr. Brown for voting against the umpteenth Senate bill to expand student-loan subsidies. According to the New York Times, Mr. Brown responded that “she makes $350,000 to teach one course” and received a no-interest loan from Harvard. This, he added, is “one of the driving forces behind the high costs of education.”
Rising federal subsidies have allowed colleges to raise their prices, pocketing the increased aid that is allegedly intended to help students. According to the College Board, average tuition and fees in the last decade at private schools like Harvard surged a full 2.6% per year faster than the general rate of inflation. Price hikes at public universities have been worse—rising almost 6% per year faster than the consumer price index.
Hillary Clinton is worth $20 million on her own and she and Bill are worth $100 million together. That didn’t stop Hillary from whining about being “dead broke” and how despite her $100 million she wasn’t “truly well off.”
Her walking the line of poverty has led her to demand exorbitant speaking fees from schools- $225 thousand from UNLV and $300 thousand from UCLA this year alone.
Warren once said the system is “the system is rigged to benefit the rich.”
And these two never shied away from milking it.
And that is part of why higher education costs are obscene.