tag:blogger.com,1999:blog-19346366.post8764863680433618780..comments2024-03-28T21:56:51.675-04:00Comments on Face to Face: Mainstream media ignoring the education bubble?agnostichttp://www.blogger.com/profile/12967177967469961883noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-19346366.post-26371293954785164172009-05-08T11:54:00.000-04:002009-05-08T11:54:00.000-04:00Yeah you did exempt technical. My bad. As I write ...Yeah you did exempt technical. My bad. As I write this, Obama is blabbing on about education and job retraining. Opportunity.gov! Let's all spend more tax dollars on diploma mills. <br /><br />Was at a wedding a few weeks ago and had to listen to a 30 yo woman complain about how she's "more interesting" now that she's lived abroad and has an Ivy League masters degree in English. Yet she was perplexed at why more men were interested in her at 22 than now. So much for "education" as she missed the obvious.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19346366.post-4676206556708094462009-05-08T00:45:00.000-04:002009-05-08T00:45:00.000-04:00Well, there really isn't a burden on the economy a...Well, there really isn't a burden on the economy as the official tuition costs are somewhat arbitrary. The schools with the highest tuitions like Harvard, Stanford, and so on all have sufficiently large endowments to pay for the cost of attendance for every student from the interest alone and still make money. It's sort of like those ads where they say you're getting a $500 value for only $50; you can claim something costs whatever you want, but all that matters is what it actually costs the buyer. Private universities are businesses, and they wouldn't sell their product at a price that wasn't sustainable for them.twiceadaynoreply@blogger.comtag:blogger.com,1999:blog-19346366.post-84691467549552044642009-05-07T21:15:00.000-04:002009-05-07T21:15:00.000-04:00I mentioned in the body of the post that it was no...I mentioned in the body of the post that it was non-professional, non-technical grad programs that are pyramid schemes. Read before speaking.<br /><br />Soaring tuition doesn't matter because someone else will pay for it? Money doesn't grow on trees, so the burden on the overall economy doesn't disappear by going need-blind.agnostichttps://www.blogger.com/profile/12967177967469961883noreply@blogger.comtag:blogger.com,1999:blog-19346366.post-81101573599621419642009-05-07T17:55:00.000-04:002009-05-07T17:55:00.000-04:001. Official tuition costs are, for the most part, ...1. Official tuition costs are, for the most part, completely irrelevant. Only the very rich are going to pay the full amount, and even then they can get scholarships. Even an upper-middle class family will pay far less than the listed tuition, and much of the aid comes in the form of grants rather than loans and thus doesn't have to be repaid. At Harvard, for example, a family making $180k would pay 10% of their income for their child to attend, or less than half of the official tuition.<br /><br />2. As Anonymous mentioned, many grad students have no intention of becoming professors, instead choosing to work for corporations. Biotech firms, for example, hire tons of PhDs, and many tech companies like Google have a strong preference for people with advanced degrees. They're also often a prerequisite for working in academic administration, editing research journals, jobs at government laboratories, and so on.twiceadaynoreply@blogger.comtag:blogger.com,1999:blog-19346366.post-68422926722255608622009-05-07T16:55:00.000-04:002009-05-07T16:55:00.000-04:00For engineering and science professors, grad stude...For engineering and science professors, grad students are cheap research and teaching labor. $30k a year to do highly skilled work and babysit the intro-level undergrads. This segment doesn't fall into the ponzi scheme classification as most engineering and many science grad students eventually go corporate because there are very good salaries waiting (present economy is an exception). Typically there is a strong benefit to get an advanced degree for scientists and engineers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19346366.post-17217361175911671222009-05-07T13:26:00.000-04:002009-05-07T13:26:00.000-04:00The tuition is based on undergrads.The tuition is based on undergrads.agnostichttps://www.blogger.com/profile/12967177967469961883noreply@blogger.comtag:blogger.com,1999:blog-19346366.post-33770417895541079212009-05-07T13:11:00.000-04:002009-05-07T13:11:00.000-04:00i'd bet a significant number includes education. i...i'd bet a significant number includes education. it's one of the only two ways to achieve any discernible raise (along with National Board Certification). in addition to the fact that before the recession anyway, a number of schools subsidize part of the cost for grad school b/c it looks good to have xyz percentage of teachers with a master's or PhD.*** ********https://www.blogger.com/profile/17712494111698782889noreply@blogger.comtag:blogger.com,1999:blog-19346366.post-48479728609593805872009-05-07T09:52:00.000-04:002009-05-07T09:52:00.000-04:00Some of the people who go back for masters degrees...Some of the people who go back for masters degrees are teachers who attend on a part-time basis. In many states, people who are hired as teachers with just bachelors degrees are given a certain length of time to get masters degrees. I don't know if there's any way to determine just what percentage of graduate students fall into this category.<br /><br />PeterAnonymousnoreply@blogger.com