OT: WSJ rips Penn State, other state Universities for overall costs

[Mr. Chim]

Colleges Spend Like There’s No Tomorrow. ‘These Places Are Just Devouring Money.’ - WSJ

Speaks to the reason I ended up going to a PSAC school vs. paying the ridiculous prices for in-state students at PSU.

TLDR Version: Our tax dollars created a “market” with no price elasticity of demand and then we extended loans to vulnerable young people to “pay” for millions of useless degrees. Educators are corrupt and stupid.

 

[Psulion91]

Well yes, when every millennial grew up everything pointed towards college as an end result. You needed a bachelors at minimum to be able to compete with your peers for limited job opportunities. So everyone is forced to either pay whatever the university asks or take out student loans at a hefty interest rate. So basically, in order to be a responsible educated adult with a job you have to pay a - $50-100k bill first. The cost of higher education, housing, healthcare have all gone up way higher than wages over the last 50 years, so yeah, this is great.