Quote:
Originally Posted by marsplasticeraser
I think looking at what is driving the increase in the cost of education could also be useful.
It seems that the ancillary services in education are driving higher costs. I suspect that teaching costs are going down, as there are simply fewer professors. At the same time, universities are constantly getting incredible new facilities, and seem to be growing from an admin standpoint.
Those ancillary costs aren't really relevant to educational outcome.
Looking at costs, I feel like University education is ripe for disruption. Lower cost options that provide greater upside. I liked what Lambda was doing, and can see other options in that model, but it could be something totally different.
If you get down to it, the reason most people 'buy' a degree is the ability to secure quality employment. Students pay high prices for mediocre and good schools, as opposed to cheaper community colleges, because in general the good office jobs go to university graduates.
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Yes, I can agree with the bolded. It's not like professors are being paid incredible sums for teaching either. However, this is due to student demand. Institutions with newer or nicer facilities see higher enrollment than those who have older or simpler facilities. The quality of education doesn't matter to the students as much as the "college experience" does. In order to remain competitive, institutions have to upgrade their facilities.
It seems to me that if students were actually focused on education over everything else, they would choose schools that have good metrics on graduation and employment following graduation, not necessarily which school has the nicest university center or dorm rooms. Part of this problem is on the consumer.