Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Solving the College Affordability Problem
Townhall ^ | April 4, 2011 | Dan Lips

Posted on 04/05/2011 12:57:24 PM PDT by ReleaseTheHounds

How much should a college education cost? According to the College Board, the average cost of earning a degree at a private, 4-year university is now more than $100,000. If tuition prices continue to rise as quickly as they did during the past decade, a college degree will cost more than $200,000 by the time today’s third-graders are applying. That price tag is enough to cause most parents to break into a sweat.

Is a college degree really worth this cost? Some bright minds think Americans are paying way too much. In fact, Bill Gates--one of the country's most famous college dropouts--thinks it should be closer to zero. He told an audience last summer: “Five years from now, on the web, for free you’ll be able to find the best lectures in the world. It will be better than any single university.” ...

Forward thinking elected officials now have the opportunity to expedite the arrival of the free college era, and—in the process—solve a major problem for American families while providing big relief for taxpayers and federal and state budgets.

(Excerpt) Read more at townhall.com ...


TOPICS: Business/Economy; Culture/Society; Miscellaneous; Philosophy
KEYWORDS: college; cutsalaries; frhf; gates; online; perry
The cost of a college education has become crazy. The thought of kids leaving school with $100-200K in debts is nuts. Here's a solution. From one of my favorite authors.
1 posted on 04/05/2011 12:57:29 PM PDT by ReleaseTheHounds
[ Post Reply | Private Reply | View Replies]

To: ReleaseTheHounds
surely be followed by new credentialing systems

I don't believe I will be holding my breath on that one.

2 posted on 04/05/2011 1:02:13 PM PDT by mainevet (Get an M1911 or two or three or four)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ReleaseTheHounds

By the time third graders get to college, $200,000 will be worth nothing.


3 posted on 04/05/2011 1:03:59 PM PDT by wolfman23601
[ Post Reply | Private Reply | To 1 | View Replies]

To: ReleaseTheHounds
Forward thinking elected officials

Yaahahhhh, just wut we all need.

4 posted on 04/05/2011 1:05:01 PM PDT by mainevet (Get an M1911 or two or three or four)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ReleaseTheHounds

The dems are completely in the pocket of the academic university crowd. They will fight any attempt to lower the cost of college with every breath they have.


5 posted on 04/05/2011 1:05:01 PM PDT by circlecity
[ Post Reply | Private Reply | To 1 | View Replies]

To: ReleaseTheHounds

I have to agree that it is staggering! I’m in the process of sending my 2nd child to college this fall. My first is in his 3rd year. His college is approx. 33,000 per year and we had to come up with 20k each year on our own after scholarships and loans (ie stafford).

My 2nd child chose a college that is 53k per year. I’ve died a little and haven’t figured out how to swing this one. He did receive nice scholarships and including the stafford loans will bring us down to about 23k at least the first year. Not sure what we look forward to in the following 3 years.

My 3rd child may never make it to college! We probably will be living on the streets!


6 posted on 04/05/2011 1:05:37 PM PDT by jcsjcm (This country was built on exceptionalism and individualism. In God we Trust - Laus Deo)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ReleaseTheHounds

Stop governmental finanancial aid

Stop the lie that college is necessary or desireable for most people.


7 posted on 04/05/2011 1:06:47 PM PDT by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jcsjcm

“His college is approx. 33,000 per year”

Shocking.

I paid less for a 4 yr degree at MIT not that long ago.


8 posted on 04/05/2011 1:08:17 PM PDT by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: jcsjcm

I’m a high school teacher...some of our grads over the last ten years have a degree from private and public universities, and debt approaching a hundred thousand. That’s fine if they major in a job producing area, if they don’t...look out. One of my former students has a law degree from Michigan (a good school) and no job. He owes sixty thousand.

Hope your kids are wise enough to understand this.


9 posted on 04/05/2011 1:12:33 PM PDT by kjo
[ Post Reply | Private Reply | To 6 | View Replies]

To: ReleaseTheHounds
elected officials should focus on dramatically lowering the costs

Government officials should mind the peoples business and get the h e double toothpicks out of the mf'in education business. POSTHASTE!!!!

10 posted on 04/05/2011 1:13:22 PM PDT by mainevet (Get an M1911 or two or three or four)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jewbacca
Stop governmental financial aid

Agreed. All of the easy money chasing degrees pumps up the prices.

11 posted on 04/05/2011 1:15:14 PM PDT by Mr.Unique (My dream thread: Mormon cop shoots Catholic Freeper's Pit Bull and takes his Macbook Pro.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: ReleaseTheHounds

Right now universities are a free ride for the Bill Ayres, Duke 88-types and fringe lefties who can draw out six figure salaries for basically being screw-ups.

End financial aid and government subsidies and let the market set the price.


12 posted on 04/05/2011 1:17:48 PM PDT by Fido969
[ Post Reply | Private Reply | To 1 | View Replies]

To: ReleaseTheHounds

Yeah well, we have to keep upper middle class Communist College professors in their lifestyles - so fork it over. They deserve it.


13 posted on 04/05/2011 1:19:05 PM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ReleaseTheHounds
College currently serves as a gatekeeper to the professional class, in the sense that a degree is a requirement for most professional jobs these days.

The reason companies demand a degree is they desire applicants who know how to read and write, and a high school diploma no longer is an indicator that the holder knows the Three R's. Fifty years ago, they would have been able to just demand that applicants be able to pass an employment test, but now the EEOC will file suit if the tests flunk too many minorities.

If we eliminated the EEOC and its requirements, then the demand for college will be much reduced. People could go directly to work from high school, and engage in distance learning over the Internet. In such a scenario, people would take courses over their lifetimes rather than just four years after high school.

14 posted on 04/05/2011 1:19:41 PM PDT by PapaBear3625 ("It is only when we've lost everything, that we are free to do anything" -- Fight Club)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jcsjcm

Two years at a community college, two years at a university.

I worked for a corporation who paid for my college classes. That was sweet.

“My 2nd child chose”

Nope. If it’s your money, then you chose it.


15 posted on 04/05/2011 1:20:13 PM PDT by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: ReleaseTheHounds

Simple answer: The government stops paying for it and the free market would settle it out in short order.


16 posted on 04/05/2011 1:23:17 PM PDT by 95B30 ( The Professional Left: "Their morals are crooked, their take logic is flawed, their honor is stolen)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jewbacca

Seriously? I can’t imagine what MIT would cost today! My son did apply there, but it wasn’t his first choice. Out of the 5 he applied, 4 accepted him. MIT did not!

His first choice was/is WPI (Worcester Polytechnic Institute) which is a really good school. This is where he will be going!

Congrats on completing 4 years there!

I just checked the current cost and it shows for Tuition/room & board at 50.4k each year not including books. That’s cheaper than WPI - that isn’t right! :(


17 posted on 04/05/2011 1:24:39 PM PDT by jcsjcm (This country was built on exceptionalism and individualism. In God we Trust - Laus Deo)
[ Post Reply | Private Reply | To 8 | View Replies]

To: ReleaseTheHounds

The article is not a serious discussion on the subject of higher education costs. While I agree that the current model of higher education is broken, it will not be fixed by merely putting some lectures on the web. A new higher education model must be developed through private initiative. Government does not want to change the current higher education system because changes would bring large upheaval to established schools and colleges.

Changing the higher education model will require a large private initiave (probably initiatives) aimed at commoditizing the product, standardizing the evaluation, and unbundling the product. Cooperation among developers of education material, online education communities, and technology will enable a revolution in a large part of higher education. Changing the public mindset will require large promotional efforts and a quality product. I believe a skeptical public can be convinced to change its perspective (different college experience) if convinced of quality and much lower costs ($50 per credit hour).

With a changed model, subsidies can be focused on the clinical and lab areas that do not fit this model. Even the first two years of medical school are traditional classroom material so I think the new model can apply to large parts of higher education. Higher education institutions now offer many online courses often not professionally done and costing even more than traditional offerings.

My talk is heresy among my colleagues. They think that a different model of higher education is not possible.


18 posted on 04/05/2011 1:25:49 PM PDT by businessprofessor
[ Post Reply | Private Reply | To 1 | View Replies]

To: ReleaseTheHounds

Let the government completely take over higher education the way the leftists professors and administrations want, then when the government realizes there isn’t enough money to pay the high salaries, they make the professors work for food.


19 posted on 04/05/2011 1:27:43 PM PDT by FreeAtlanta (Obama and the left are making a mockery of our country.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AppyPappy

I understand your logic that it is my/husbands choice. He has worked extremely hard through high school achieving high honors throughout his years. He did this since he knew that this was the school he wanted to attend.

From what I know of this school the employment rate is extremely high. Companies seek out these students almost from the start (freshman) giving them internships over the summer. I am hoping that this is the case, although I know just how bad the economy is. I am one of those unemployed that is finding it downright impossible to find a job.

I however was never able to attend college. Jobs postings nowadays require a college education. Maybe I’ll have to go back when I’m done sending my kids.


20 posted on 04/05/2011 1:32:58 PM PDT by jcsjcm (This country was built on exceptionalism and individualism. In God we Trust - Laus Deo)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Fido969
End financial aid and government subsidies and let the market set the price.

That wouldn't be a bad idea if the United States existed in a vacuum, however it does not. The problem with the above is that the market may decide to import more educated workers to fill the void, to create more corporate headquarters in countries with a more educated workforce etc. Unfortunately, this is a subject that absolutely has to considered with international competition heavily weighed.

21 posted on 04/05/2011 1:32:58 PM PDT by Melas
[ Post Reply | Private Reply | To 12 | View Replies]

To: ReleaseTheHounds

Unless you are going to college to enter the maths and sciences it is not worth it.


22 posted on 04/05/2011 1:33:04 PM PDT by lone star annie
[ Post Reply | Private Reply | To 1 | View Replies]

To: businessprofessor

For at least the first two years of college, the community college is your friend. My eldest is a homeschooled 11th-grader taking pre-calc at the local community college (thank you, dual enrollment!) and in so doing gets a college credit transferable to any of North Carolina’s state universities. I will encourage her to work this system to the hilt before finally transferring to NC State or UNC-Chapel Hill (f’rinstance) to get her sheepskin. State is looking like the most likely candidate at this point.


23 posted on 04/05/2011 1:35:26 PM PDT by Oberon (Big Brutha Be Watchin'.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Jewbacca
Shocking. I paid less for a 4 yr degree at MIT not that long ago.

My son was just accepted to Notre Dame last week. $181,000.00 for four years. : (

24 posted on 04/05/2011 1:41:19 PM PDT by Prokopton
[ Post Reply | Private Reply | To 8 | View Replies]

To: ReleaseTheHounds

I think I did the smart thing for my son....who took a few quarters of college and then decided it wasn’t for him.....I paid for the BOND for his construction company....so he could have his own company. He was surprised at his 10th high school reunion to find out he was doing better than his college trained friends....and probably still is...although the company he now works for has gone down to bare bones....taken pay cuts, laid off people....but is hanging on....


25 posted on 04/05/2011 1:46:38 PM PDT by goodnesswins (Unlike the West, the Islamic world is serious.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: metmom

This is a plea for distance learning for college, which is in effect, I take it, simply homeschooling for college.


26 posted on 04/05/2011 1:47:21 PM PDT by conservatism_IS_compassion (DRAFT PALIN)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ReleaseTheHounds

“Is a college degree really worth this cost?”

No.

The problem started when the purpose of college started to be a good job. That’s way divorced from where it should be.

The purpose of college should be self edification and for the advanced training occupations, such as archeology or law. Anything else is school. And even the basis of those should be “on the job” training.

I submit people with advanced degrees are actually in many ways LESS suited to a good job. They’ve been kept out of the natural world too long and learned to give too much deference to elitist fads.


27 posted on 04/05/2011 1:49:10 PM PDT by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Prokopton
My son was just accepted to Notre Dame last week. $181,000.00 for four years. : (

I hear ya. My kid graduated from Vanderbilt in 2008 to approximately that tune. No loans to pay back though.
28 posted on 04/05/2011 1:49:49 PM PDT by crosshairs (Say what you want about the South, but you never hear of anyone retiring and moving north.)
[ Post Reply | Private Reply | To 24 | View Replies]

To: ReleaseTheHounds

Here’s what I found in college: most kids there didn’t belong and were struggling. They attended college to appease their parents who bought the pitch that ALL kids above the welfare class should attend university. The students were binge drinking on daddy’s credit cards.

Classes were slow and dull due to the high school-level students who were struggling. In addition, high schools inflated grades to increase “self esteem” so that an A average now meant nothing. One school’s C- student was another’s A student... hence the SAT and ACT tests. The entire system is a suckers game.

Parents still believe their children are getting a higher education when in fact college merely trains them to toe the liberal line and preps them for a life of uncritical thinking and servile behavior.

Most graduates must now be re-programmed to actually think and work for a paycheck (unless they go into the growing public sector or stay in school as post grads and professors). Many degrees are meaningless now, except as “papers” of admission into dumbed-down jobs and the entire public sector. Note: Math and Science degrees are the exception.


29 posted on 04/05/2011 1:52:56 PM PDT by moodyskeptic (Cultural warrior with a keyboard)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ReleaseTheHounds

The thing that drove prices up were government backed loans.

Drop them.


30 posted on 04/05/2011 1:53:21 PM PDT by Right Wing Assault (Our Constitution: the new Inconvenient Truth)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jcsjcm

I got an accounting degree by going at night. Two classes a semester(Fall, spring, summer). 18 hours a year. Less than 5 years.

I did it in two because I already had a BSBA.


31 posted on 04/05/2011 1:55:21 PM PDT by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
[ Post Reply | Private Reply | To 20 | View Replies]

To: crosshairs
$181,000.00 for four years.

Guaranteed? If you are just multiplying the first year by four, it WILL increase. Of course, what's another $10-20k?

32 posted on 04/05/2011 1:56:45 PM PDT by Right Wing Assault (Our Constitution: the new Inconvenient Truth)
[ Post Reply | Private Reply | To 28 | View Replies]

To: AppyPappy

That is what I tell young people to do nowadays. Find a company that will pay for it. Hospitals, for instance, will often pay for a nursing degree for a competent Nursing Aide.

And I ALWAYS tell them do a community college first, unless mom and dad really are loaded or they have a great scholarship.

But there are careers that require special schools. For instance, vet science. But even that might support your argument, because after two years at a cheaper college, often kids decide their heart’s desire is something totally different.

I started out in art, went to a tech trade, and ended up in the advanced sciences. I guess I’m what you call well rounded. (In more ways than one, but that’s a different subject).


33 posted on 04/05/2011 1:58:58 PM PDT by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: kjo
One of my former students has a law degree from Michigan (a good school) and no job.

Find law firms where the partners are MI grads. Companies like to hire alums.

34 posted on 04/05/2011 2:01:08 PM PDT by Right Wing Assault (Our Constitution: the new Inconvenient Truth)
[ Post Reply | Private Reply | To 9 | View Replies]

To: AppyPappy

Smart move! I’ve always thought that accounting just might be my chosen area. I always enjoyed it in school and also did my fathers books (for his business) when I was in high school. I really loved it!

I just might consider this...


35 posted on 04/05/2011 2:02:10 PM PDT by jcsjcm (This country was built on exceptionalism and individualism. In God we Trust - Laus Deo)
[ Post Reply | Private Reply | To 31 | View Replies]

To: businessprofessor

I am with you.

And I think it would work because people (especially those trying to put kids through school) see the system isn’t working. I mean, where is the one place blacks break down for the Democrats? School choice.

The Dems will fight this tooth and nail. The colleges are their power base, filled with elitists who have little true world experience.


36 posted on 04/05/2011 2:02:53 PM PDT by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: AppyPappy

My son just graduated with 150 hours of Accounting credit (needed to sit for the CPA exam) and only has $11,000 in debt and had very little in scholarships.

He is finally employed at a major bank in the tax department.


37 posted on 04/05/2011 2:03:32 PM PDT by wordsofearnest (Evan Bayh gave Indiana a twofer.)
[ Post Reply | Private Reply | To 31 | View Replies]

To: Mr.Unique

3rd party payers make everything more costly everywhere it’s done.

it divorces the payee from any financial realities.


38 posted on 04/05/2011 2:04:46 PM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
[ Post Reply | Private Reply | To 11 | View Replies]

To: 95B30

It’s supply and demand. So long as people are willing to pay that price, and the government makes it possible thru artificially distorted loans, the price will rise accordingly.

Tuition, mortgages, and health care are all expensive precisely because people are willing to go to great lengths to pay staggeringly high prices, and because the government provides incentives for them to do so.


39 posted on 04/05/2011 2:09:24 PM PDT by ctdonath2 (Great children's books - http://www.UsborneBooksGA.com)
[ Post Reply | Private Reply | To 16 | View Replies]

To: jcsjcm
Get them to save their futures by
not going to college.
College is not a waste today, it is a destruction.

It is the modern equivalent of being captured by early 1800's slave traders and sold into a lifetime of slavery, degradation, illiteracy, broken families and poor health.

40 posted on 04/05/2011 3:00:18 PM PDT by bvw
[ Post Reply | Private Reply | To 6 | View Replies]

To: businessprofessor

We have a draft in Israel, plenty of professionals as one would expect with my people.

But the military stint seems to make people more serious, and it also encourages people who should be in trades (and make plenty of money, mind you), to go be in trades.

I doubt this model would work for the USA, as we are just different people (and surrounded by millions of savages who want us dead -— does focus the mind).

Some variation, though, might work.


41 posted on 04/05/2011 3:36:54 PM PDT by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: ReleaseTheHounds

I really hate to say something that will tee people off, but here goes. MAKE YOUR KIDS PAY THEIR OWN WAY TO COLLEGE. If it takes them 10 years to finish, tough shi’ite. If I were a very wealthy man, I would not pay for college. If it isn’t earned, it isn’t worth the paper it is printed on. Unless they are going to be a doctor, engineer, or something in the hard sciences, they are better served at the local CC, or learning a trade.


42 posted on 04/05/2011 4:45:29 PM PDT by runninglips (the world is on fire, and we are busily emptying our reservoirs)
[ Post Reply | Private Reply | To 1 | View Replies]

To: runninglips

YEP...what you said....I earned undergrad and MBA while worKing FULL TIME! And, my company paid for all the tuition...(they changed their policy after me...hahaha)


43 posted on 04/05/2011 7:39:26 PM PDT by goodnesswins (Unlike the West, the Islamic world is serious.)
[ Post Reply | Private Reply | To 42 | View Replies]

To: runninglips

Ah - someone speaks the unspeakable - a breath of air. The undergraduate degree is not providing cutting-edge, must give it 100% of time and effort. The little boys and girls don’t work so they can devote their time to school??! Yeah right. Walk through a college neighborhood on any weeknight and just observe the devotion to eduction. If the kids are working and attending classes they will stay out of trouble because they will be too tired to do much else.


44 posted on 04/05/2011 7:45:31 PM PDT by AD from SpringBay (We deserve the government we allow.)
[ Post Reply | Private Reply | To 42 | View Replies]

To: Melas

My daughter is going to a school in the fall. She got about 90% in school grants and scholarships. Work study is the only federal funding she got. Of course she can take out loans to do the rest. A lot of private universities don’t use tons of federal aid. Of course mileage may differ.


45 posted on 04/05/2011 8:04:01 PM PDT by Vermont Lt (How long before the Mall becomes Tahifir Sq?)
[ Post Reply | Private Reply | To 21 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson