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Answering My Critics On The Subject Of The College Bubble ("Where do they go?")
Forbes ^ | 12/24/2010 | Jerry Boyer

Posted on 12/24/2010 6:20:07 AM PST by SeekAndFind

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To: central_va

payscale.com has some interesting calculators for this type of comparisons.


41 posted on 12/24/2010 8:06:48 AM PST by Qwackertoo (New Day In America November 03, 2010)
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To: RFEngineer

Maybe you should find a more successful company?


42 posted on 12/24/2010 8:08:41 AM PST by Eagle Eye (A blind clock finds a nut at least twice a day.)
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To: SeekAndFind

In the 1970’s the California State College tuition was about $50 per quarter. Add a parking fee and books. That makes a year of college well under $2,000. I finished in three years by challenging courses and taking an extra course in the summer. I don’t understand how the costs got so out of hand and why it takes 6 years to get a 4 year degree. And there were no “studies” degrees at that time. It was a simple proposition.


43 posted on 12/24/2010 8:21:08 AM PST by Anima Mundi (If you try to fail and you succeed , what have you just done?)
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To: central_va
absolutely, i've always said you get as much out of school as you put into it...

you can get a good education at state schools and with a little extra effort, usually as good as or maybe even better than the privates for one hell of a lot less money

44 posted on 12/24/2010 8:32:12 AM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Redbob

RE: Nor does college have to cost anything remotely like $25K per year.

True if:

* You have a scholarship.

* You have received substantial financial aid ( be sure you qualify financially ).

* You go to your own state college or university

* You go to a college that does not receive government aid and is able to be independent on its own (Grove City College is an example ).


45 posted on 12/24/2010 8:32:22 AM PST by SeekAndFind
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To: NeverForgetBataan

RE: Mandarin Chinese is handier.

That, and a good study abroad program.


46 posted on 12/24/2010 8:33:14 AM PST by SeekAndFind
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To: Eagle Eye
yup... might as well send them your CV written in crayon as you'll get the same response
47 posted on 12/24/2010 8:33:57 AM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: SeekAndFind
hmm... my college degrees and my wife's make us plenty of money. Without them we wouldn't have the jobs that we have.

Everyone should go to at least a Junior College to learn a vocation.

48 posted on 12/24/2010 8:39:28 AM PST by Porterville (Methink'st thou art a general offence and every man should beat thee.)
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To: central_va

“What always amazes me is how most educated people lump all degrees and all different types of colleges and university into one pot - called “college”. To me somebody goes to college to get a degree in something, college is just a tool.”

I agree with your statement. Everyone needs training and education after high school, perhaps renewed every few years after an initial period of training and education. The questions are what level of training, what types of training/education, and how to deliver it in a cost effective manner. The current model is broken both from cost and types of training/education perspectives. The current approach has degenerated into a local cottage industry focused on perpetuating its own existence with an unsustainable cost model.

Here is a symptom of the broken nature of higher education. In my field (information systems), the market for professors has been in a tail spin since 2002. Before this period, it was easy to get a position at increasing salaries. Since 2002, the supply has far outstripped the demand. Normally this condition prompts a decline in salaries espcially at the entry level. However, this decline has not occurred as salaries have continued to increase. Last year, none of the graduates from a very strong program were placed. Every position has hundreds of applicants with a very strong core of applicants (perhaps 50 to 100) for every position. As I understand, starting salaries exceed my salary (mid 130s). One school is offering $185,000 for an entry level professor. In a working labor market, you could hire an entry level professor for a third of this level.


49 posted on 12/24/2010 8:41:28 AM PST by businessprofessor
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To: businessprofessor

RE: Since 2002, the supply has far outstripped the demand. Normally this condition prompts a decline in salaries espcially at the entry level.


So, what do you think makes the market for professors different ?

IMHO, it’s that aura of “special knowledge” people tend to put around them ( even when there’s really nothing there ).

Eloquent Race baiters who write and speak well, like Cornel West for instance have Harvard and Princeton competing for him for their black studies program even when he has produced really nothing but racial division in his career as professor.

As long as we as a society continue to project this aura on people like these (and there a lots of them), you will always have this broken model you observe.


50 posted on 12/24/2010 8:52:56 AM PST by SeekAndFind
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To: Porterville

RE: hmm... my college degrees and my wife’s make us plenty of money.

And what did you and your wife major in? I bet the answer to that question makes the difference.


51 posted on 12/24/2010 8:54:18 AM PST by SeekAndFind
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To: SeekAndFind
Public moneys and guarantees for college loans should only be permitted for state universities - no Harvards, Stanfords, etc.

And they should only be for majors which lead to employment - no basket weaving, surfing, etc (sarc)

52 posted on 12/24/2010 8:54:28 AM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: elpadre

RE: Public moneys and guarantees for college loans should only be permitted for state universities - no Harvards, Stanfords, etc.


As I noted in other threads, Colleges like Grove City and Hillsdale have proven that you need not depend on government subsidies, loans, etc. for your college to thrive ( and still afford reasonable tuition with great education).

The problem is not many people see this ( yes, even conservatives ).


53 posted on 12/24/2010 8:57:57 AM PST by SeekAndFind
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To: SeekAndFind

agreed


54 posted on 12/24/2010 9:00:04 AM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: NeverForgetBataan

I agree. A business degree with a minor in Mandarin or the reverse would be useful. A friend’s daughter is doing that. Living in Tokyo for 1 year as part of her business major.


55 posted on 12/24/2010 9:01:25 AM PST by Dick Vomer (democrats are like flies, whatever they don't eat, they sh#t on)
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To: SeekAndFind

The underlying cause is a lack of competition. The higher education model should have been radically transformed by advances in computing and communication technologies. The same competitive pressures in the media industries should be happening to higher education. Instead higher education (both public and private) have remained stuck on a cottage industry model.

The reason for the stagnation is barriers to change particularly government subsidies for higher education, accreditation, and high resistance to change of the public. Government subsidies have allowed rapid increases in tuition.

Professor salaries have a similar pattern to salaries of other top government employees. Government salaries never decrease. Federal government salaries for the higher pay grades have increased sharply in the last 10 years. The federal government has grown relentlessly in the last 10 years with a large spike in the last 2 years. Universities as part of government are in a bubble. The bubble will burst perhaps because external forces intervene.


56 posted on 12/24/2010 9:33:08 AM PST by businessprofessor
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To: SeekAndFind

business, education and medical... useful tools for a world full of screws


57 posted on 12/24/2010 9:46:46 AM PST by Porterville (Methink'st thou art a general offence and every man should beat thee.)
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To: central_va
40 hours a week at 60 miles per hour is 2,400 miles per week. at .28 cents / mile that is $672 / week before being raped by the govt(s). The works out to around 40K per in base + other benefits. Not bad for pushing a rig and listening to the radio all day.

If you had a guy and his girlfriend/wife both having their trucking licenses, they could roam the country as a pair, pulling over for a nookie-break at rest stops whenever they felt like it. An interesting way to spend a year or two.

58 posted on 12/24/2010 9:51:54 AM PST by PapaBear3625 ("It is only when we've lost everything, that we are free to do anything" -- Fight Club)
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To: PapaBear3625
If you had a guy and his girlfriend/wife

It is hard to find a wife that opened minded.

59 posted on 12/24/2010 9:53:50 AM PST by central_va (I won't be reconstructed, and I do not give a damn.)
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To: central_va
It is hard to find a wife that opened minded.

I was thinking more of newlyweds. Spend a year on the road, living in the truck, banking the bulk of your earnings, and then you settle down in a stationary job and buy a house.

60 posted on 12/24/2010 10:00:19 AM PST by PapaBear3625 ("It is only when we've lost everything, that we are free to do anything" -- Fight Club)
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