The cost of higher education in the US has soared in recent decades while median incomes have stagnated, pushing college increasingly further from the grasp of many Americans and limiting social mobility. Three-quarters of US repondents to a recent survey by the Pew Research Center said college was now too expensive for most Americans.In the past decade, tuition rates at public universities have risen 5.6 per cent a year above inflation, while fees at private college have increased by 3 per cent a year, the College Board says.
However, public universities – many of which have been forced to raise fees in recent years because of dwindling support from cash-strapped states – have much less ability to offer financial assistance, even though they are now starting to charge fees comparable with their private-sector peers.
The increase in fees has not stemmed demand for higher education. Applications rose during the downturn, as more Americans deferred the search for scarce jobs and took the opportunity to get training – with what traditionally has been good reason. College graduates generally receive bigger salaries, on average earning $20,000 more a year than workers without higher education, according to the Census Bureau. That translates into career earnings of $1.4m for a worker with a bachelor’s degree – almost twice the $770,000 a non-college graduate can expect, according to Pew.
I have no words for the level of abject stupidity regarding the lack of a response in the US.
5 comments:
My contacts at my university and elsewhere speak of institutions swamped with acceptances, well beyond what was expected or class sizes only a few years ago. I am aware of universities that have told students 'if you choose to go elsewhere, you may have your deposit back'.
It's about to get real interesting at colleges over the next year or two. The new gainful employment reporting requirements for trade colleges is going to hammer the industry hard. It should be interesting to watch what happens as a lot of schools go bankrupt when their Title IV funding gets yanked. Wish I wasn't going to get such a close view of the action myself.
Engineering students in PhD programs
are usually funded through grants.
Money is drying up. Budgets have been slashed, leaving advisors scrambling to seek funding funding from alternative sources, a bit here, a bit there, to keep students on a project and graduate on time.
Those who can't afford to continue drop out and find jobs in industry- but we're losing our edge. My daughter reported on the state of her US research facility as compared to ones she's seen in Europe and it wasn't favorable.
It was scary earlier in the year- it looked like funding had dried up entirely- her advisor told her that in all his years he had never seen this situation. Something was found- but at a price. Instead of groundbreaking work, she was directed to stay within the realm of "tried and true"- because the source of the funding preferred it that way.
I appreciate other people's views. I wander all over the net. The lack of grasp of the complexity of the interlockings between 2000 different professions floors me.
I'm old. I'll die out before social security is defunded. Before the hell storms rage as the atmosphere seeks a new balance. Check drought on google.
Check water contamination. Check how much CO2 a forest sucks up and exhales as oxygen. Hit deforestation if you want a real jewel of stupid.
You get really interesting in schools in the next one to two years. The new paid employment information requirements of the colleges of commerce is the drive. Should be interesting to see what is happening in many schools do not, if their Title IV funds to be demolished. I wish I could get a closer look at the events themselves.
Online Learning
Post a Comment