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3 comments - Last on 07/27/2010
College Tuition vs. Home Prices vs. CPI...No Comment
Today's No Comment item is a chart from Business Insider showing the cost of college tuition, the price of U.S. homes, and the Consumer Price Index (CPI - the estimated average price of consumer goods and services purchased by households) from 1978 to 2010:
Business Insider asks, "Is College Education The Next Bubble Set to Burst?"
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Well OK, "no comment." But here's a question I've got to ask: what exactly are we paying for in higher education that justifies its price?
Glenn M. Ricketts
by Glenn M.Ricketts Posted on 07/20/2010
That is the $64k question. What indeed is there to justify the increasing costs of higher ed? What's being purchased gets more absurd and worthless every year in spite of the outrageous price tag.
by pebblesj5 Posted on 07/20/2010
As tuition for college and university education increases annually, I have argued that the brick and mortar university or college would price itself out of business. Especially so now that graduates frequently find no one wants to hire a person with their degree program.
I further argue that the future of education is on-line, which may not be a good choice, but it will be cheaper than relocating and paying until the debt is staggering.
The survivors in higher education will reduce the number of majors and close departments that exist for no other reason than faculty jobs. The same schools will determine in advance what majors almost guarantee work after graduation. Otherwise why attend a university or college?
James A. Glasscock
Longdrycreek Ranch, Texas Panhandle
by Longdrycreek Posted on 07/27/2010