This blog used to be about debt. Now it's about a few more things. But really, it all comes back to debt. Trust me.

Saturday, January 13, 2007

It's The Price, Stupid

Innaresting post over at "American Thinker." The problem with college is that costs continue to rise. All the student loan subsidies in the world will only encourage that to continue (just like the effect of health insurance on healthcare costs).

This article says tenure is one of the problems. If you have to keep a boatload of professors around while still attracting the best new ones....well, that could get expensive. Colleges have been passing this on to John Q Student quite successfully. But lazy monopoly practices can't last forever. England recently did away with academic tenure altogether (they got rid of slavery before we did too, but that's neither here nor there).

What would happen if undergraduate education were made free for everyone? Let's say a 4 year education costs $100,000 per person. That's a lot less than universal healthcare would cost. It's a one time per-citizen expense. And you might keep people out of hospitals, since studies show college educated people can afford better health care and smoke less, etc. Don't know if I believe that one, but I won't let a lack of data stifle my policy theories.

P.S. Aren't you proud of me? I didn't even mention the half trillion we've blown on a recent foreign entanglement.


Blogger Ron Davison said...

By some reports, the Net Present Value of of a college education is about $300,000. Seems to me that a rational society would do what it could to encourage rather than discourage such investments. Free? Why not?

January 15, 2007 6:43 PM

Blogger Ron Davison said...

Some reports indicate that the value of a university education is $300,000. Wouldn't you think that a rational society would do all it could to create such value? Free university? Why not?

January 15, 2007 6:45 PM

Blogger reversed said...

Yes, you would think so, Ron. Thanks for the comment.

January 15, 2007 8:26 PM


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