U of Iowa has around a $3 B endowment fund and ISU approximately $1.5 B. I’ve wondered how that plays into the Regents decisions. If the managers of those funds are successful, that should produce some returns that should help keep tuition affordable. But I have no idea how the Universities annual returns from those funds are used toward operating expenses or if they go to some brick and mortar upgrade.
WVU Eliminating Degree Programs-Future of Higher Ed
- Thread starter wxman1
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I guess I don't understand your point here.
The study below says that 33% of recent grads are working in a field that doesn't require a college eduaction of any kind. So if my math is right, the answer to your question is about 1/2? So 1/3 of college grads are not making use of their degree in any way.
1/3 of recent college grads are working at jobs that don't require a college education - ResumeBuilder.com
28% of recent college graduates are working at jobs that only require a high school diploma; 6% have jobs with no education requirements at allwww.resumebuilder.com
the key word there is 'recent'. Not all college grads.
Not all find placement in their desired degree right away. I know engineers who had to work retail for a bit out of college but eventually found their way into engineering-related fields.
What do you consider reasonable now for student loans? Your 16k amounts to 27.7k today. That is basically the median student loan debt now. The projections I’ve read say average should be 37.7k, but when you dig deeper, it estimates students going 5 years. Seems 5 years is now a rarity for bachelors. Shave that down to 4 years and assuming that the last year isn’t the heaviest debt load year (would logically seem to be) and that puts the average at 30k. (Average not median).
So jsb, you were basically average when you graduated and would be average now for debt load.
And that directly correlates to the price of tuition going up.
And it also shows the stupidity of large amounts of Iowa voters because “education bad” mantra, which has also created a brain drain in this state.
The point is a University does not develop scientists who rise to the top without having other students who don't rise to the top. That model not only would be unsustainable, but would eliminate people who felt under-qualified, but had a desire to compete and wanted to succeed, and found themselves. (ie Einstein)
Colleges Spend Like There’s No Tomorrow. ‘These Places Are Just Devouring Money.’
Sorry if it's behind a paywall, but this WSJ article last week does a good job covering the updated numbers that some of you were looking for earlier in the thread.
Drops in state funding definitely play a part in these issues, but seems to be an excuse for over the top increases in tuition and overspending in areas that aren't needed for a lot of schools.
Sorry if it's behind a paywall, but this WSJ article last week does a good job covering the updated numbers that some of you were looking for earlier in the thread.
Drops in state funding definitely play a part in these issues, but seems to be an excuse for over the top increases in tuition and overspending in areas that aren't needed for a lot of schools.
I, like many iowans, am enjoying the hell out of paying less state tax.
I’m sorry, but playing a part isn’t accurate. Removing state funding is directly correlated to higher tuition.
I am sorry to hear you are nearsighted.
Seems like defunding by the state combined with easy loans have combined to create a mess. Personally think they need to tighten up the loans and increase state funding. Currently these schools act like big business recruiting students with sonar signs in their eyes.
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??????I guess I don't understand your point here.
The study below says that 33% of recent grads are working in a field that doesn't require a college eduaction of any kind. So if my math is right, the answer to your question is about 1/2. And 1/3 of college grads are not making use of their degree in any way.
1/3 of recent college grads are working at jobs that don't require a college education - ResumeBuilder.com
28% of recent college graduates are working at jobs that only require a high school diploma; 6% have jobs with no education requirements at all
Sure it is, that's what I said. But you can't blame the full rise of tuition solely on that.
From the article:
"Public university leaders often blame stingier state funding for the need to raise tuition revenue. And three-fourths of states did cut their support, undermining a longstanding principle that schools educated the populace with government backing. But universities generally didn’t tighten their belts as a result. Rather, they raised prices far beyond what was needed to fill the hole.
For every $1 lost in state support at those universities over the two decades, the median school increased tuition and fee revenue by nearly $2.40, more than covering the cuts, the Journal found."
So the cuts don’t include what would have been a growth in support each year?
They can both be true. And it can vary greatly from department to department. There is definitely some fat that needs to be trimmed.
You found a spelling mistake. Good job!!! I can't give you a cookie, so I'll like your post.
