Since you mentioned Kennedy and AOC, curious how you feel about Kennedy working to make more grants available to provide low cost or even free tuition to students?Quote:
Originally Posted by fingerbang
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Since you mentioned Kennedy and AOC, curious how you feel about Kennedy working to make more grants available to provide low cost or even free tuition to students?Quote:
Originally Posted by fingerbang
ha ha ha ha ha. History is a *****.Quote:
Originally Posted by dbroncos78087
Lol free tuition is the dumbest idea ever.Quote:
Originally Posted by dbroncos78087
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College tuition was like a few hundred bucks then. A bunch of hippies took over and have had control since. Now the price of a degree is astronomic and worth a lot less.
Insightful. Care to say why that's the case?Quote:
Originally Posted by Brewersfan255
So you think it would have been better to make college more affordable when it cost less? Or did you just point that out to avoid answering the question? At least Brewers responded to the question.Quote:
Originally Posted by fingerbang
If you do a little research you'll notice that things like financial aid and government backed loans have allowed colleges to jack tuition to unbelievable levels.
I voted for Romney so I'm cool with this.Quote:
Originally Posted by Brewersfan255
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Good point. Could have bought a brand new Malibu for $2300 dollars too.Quote:
Originally Posted by fingerbang
If only he had dropped a couple hundred dollars back then on an education, he may have learned about inflation.Quote:
Originally Posted by benny01
Quote:
Originally Posted by benny01
http://time.com/4472261/college-cost-history/Quote:
In 1944, when President Franklin Roosevelt signed the G.I. Bill of Rights, he guaranteed that qualifying veterans would receive a free year of college—meaning up to $500 a year. ($6,800 today.) In the years that followed World War II, philanthropic donations to American colleges were up, but so were costs. Tuitions had been raised “to the limit,” TIME noted, in places like the University of Pennsylvania, where students were charged $600 in 1950 (nearly $6,000 today). By 1960, with enrollment surging, even more money was needed, and a major tuition hike was forecast. That year, college costs surveyed by TIME included $2,015 for tuition, room and board, and fees for a year at Bates, and $1,450 for Lewis and Clark. (That’s $16,400 and $11,800 today.)
These days, the average cost for a year at a four-year college ranges from $9,410 for in-state public tuition to $32,410 for private. Neither of those figures include room and board. But, in general and at many specific places, costs are far higher: just looking at a few of the colleges surveyed by TIME over the years, Vassar these days costs $52,320 for a year’s tuition, and Bates is $64,500 for tuition, room and board and fees.
I'm familiar with inflation. Do you know what happens when the government offers an unlimited supply of credit?
I was being cute. They play a lot of games with tuition that are ******. My daughters money from the school decreases with every scholarship she wins. I don’t think it has as much effect as you think though. New 2018 Malibu 21k base model. Same roughly 10x increase.Quote:
Originally Posted by fingerbang
Still being cute or still claiming tuition is the same as it was in 1960(yes adjusted for inflation). Because it aint, lol.Quote:
Originally Posted by benny01
If a cheap new car was $2000 grand in 1960 and tuition was $2000. Then that same model car(biscayne then) is 20k now and tuition at state school is 10k I’d say loans and grants have driven prices down. At least in any math I’ve ever done. Private schools today are misleading because no one actually pays full tuition. My daughters school costs 56000 a year and every kid that goes gets 22000 from the school.Quote:
Originally Posted by fingerbang
Instead of using a specific model car or your daughter you can use actual averages but you won't because they don't support your claim.Quote:
Originally Posted by benny01
I paid out of state and only graduated 8 years ago and tuition has almost doubled already. I can link you an inflation calculator if you'd like.
Since you're giving the economic lesson do me a favor and answer my previous question. What happens when the government provides an unlimited supply of credit?