Why higher education costs what it does. Part 1.

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collegestuition

It’s a crisis. Costs are skyrocketing for this faster than anything else. Something has to be done.

Health care?

No. Education.

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.

1. Fauxchohontas

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.

This is a politician worth nearly $15 million and who got a twenty year interest free loan.

2. Brokeahontas

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.”

Sure is.

And these two never shied away from milking it.

And that is part of why higher education costs are obscene.

DrJohn has been a health care professional for more than 30 years. In addition to clinical practice he has done extensive research and has published widely with over 70 original articles and abstracts in the peer-reviewed literature. DrJohn is well known in his field and has lectured on every continent except for Antarctica. He has been married to the same wonderful lady for over 30 years and has three kids- two sons, both of whom are attorneys and one daughter on her way into the field of education. DrJohn was brought up with the concept that one can do well if one is prepared to work hard but nothing in life is guaranteed. Except for liberals being foolish.

3 Responses to “Why higher education costs what it does. Part 1.”

  1. 2

    john

    tsk tsk Dr John you should have put a timeline on Bill and Hillary’s wealth so that readers could see WHEN they got rich.
    When they left the White House after 8 years of receiving a salary of 400000$ I can’t see them as really rich
    They accumulated their wealth after Bill left the White House.
    And Warren works for teh very wealthiest of all schools, Harvard. Students there receive very generous scholarships if needed.
    Using Harvard as an example in a post about college costs is rather lame

  2. 3

    Nanny G

    Another one of the biggest reasons tuition rates are so high is that paying students are subsidizing all those ”poor” students who go for free.
    Colleges and universities simply pass on the cost of all students to those who can afford to pay at all.
    The main reason tuition has been rising faster than college costs is that colleges had to make up for reductions in the per-student subsidy state taxpayers sent colleges.
    Almost all of the recent price increases at public universities are “backfilling for cuts in state funds,” Jane Wellman, the author of the Delta Cost Project, said.
    Some colleges pin their prices to a percent of what elite universities charge.
    But elite schools are in a bidding war for the best students. This forces schools to offer bigger and bigger scholarships, which means few students actually pay the full sticker price.
    That, in turn forces up the price of full admission.
    Wicked and vicious circle.

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