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borgdefense | 1 year ago

It is an interesting idea.

The real problem though are the ridiculous cost of state run schools.

As someone who has been out of college for 20 years, I can't believe what my state school charges now.

When I graduated my school was a good value compared to private options. That was the whole point of a state school.

Now the same school cost 4X what it does and I don't know if I could even get in when up against so many brilliant Indian and Chinese students. I assumed when I went the goal of the institution was for a more educated population in the state. That was the point of the huge difference in price for instate tuition.

Now it seems like some kind of money making racket.

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ethbr1|1 year ago

Afaik, state schools have lost a lot of budget from states (in inflation-adjusted terms) compared to pre-90s.

Consequently, they balance the books by taking on more foreign/out-of-state students (who they can charge much more).

At the core, though, it appears to be a supply and demand problem: there's a ton of demand for people who want to go to college, colleges don't have the resources (or interest?) to expand supply, and so they raise prices because they can.

nradov|1 year ago

State schools have also been wasting a fortune on gold-plated facilities. I was just at UCSD yesterday and it was ridiculously nice. This is not a responsible use of tuition and tax dollars. We need an austerity program. If that makes the state schools less attractive to top students and professors then so be it.