zman wrote:flem wrote:zman wrote:I do. but just abolish the goverment loan to solve the problem. let the market determine price of tutions, right now it doesn't. Right now, the schoold charge WHATEVER they want because the goverment is GUARANTEEING to pay the school WHATEVER prices they want to charge.
We're in agreement, but this thing is such a cash flow source for the government they're not just going to take themselves out of it. At least with changing the USNews criteria it wouldn't incentivize it as much.
We're at a breaking point, though. The current system is unsustainable.
it's a bubble that will pop soon. However the main beneficiaries of this crony system are the universities, they get all this money and use it for means that have nothing to do with education.
They are using it for education but doing so indirectly because of market pressures. Most of the money goes straight into the university system to fund less profitable but still important things. Berkeley's graduate assembly is full of scientists and engineers that are pissed at the fact that their departments are #1 and #2 in the world and yet they have to clammer over one another to get just a fraction of the money the law school gets. What's not split up among non-law departments of the university goes back into the law school to keep it competitive, which is where higher professor salaries come in.