Its A Wonderful College Admissions Scandal
It is long overdue to expose the higher education racket. These sanctimonious scammers will hopefully get some well deserved comeuppance. Not holding my breath.
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Add to that the fact that the elite collectivists in this story did what they always do.
Many years ago I worked with a lovely lady who grew up in communist Vietnam. She scored the highest in her village with their pre-college exam. She wanted to study medicine and, per the program, should have gotten to do that. However, her father had been an American sympathizer. So, she wasn't allowed to pursue her dream. At that time her father said something like "F this place" and snuck the family here. Now...where can we go?...
I've seen much of that in print and in practice but it is good to get a compilation.
I liked the quotes using economic analysis, the field of economics has much to offer when used honestly.
Now, those celebrities caught offering bribes, the same ones no doubt, who indulge in virtue signalling by telling the deplorables to cut carbon emissions.
Why can you go to eBay and buy what you want if you can outbid others? Why are such auctions almost a religion when people use it for getting stuff but declared a crime when applied to getting into schools? Universities are forever campaigning for endowments by their alumni or anyone else. How is that different from getting money from parents for enrolling their kids?
Paying exorbitant amounts above inflated tuitions should not be called bribery; otherwise everything that is paid for anything in trade and commerce could be defined as a bribe.
A small example: I am an artist and sell at art fairs. Occasionally a potential buyer will ask if "I can do better" on price if he buys more than one item. I explain that I don't bribe customers that way, and that no one gets a better deal.
As for the College Admissions “Scandal”, it is just to feed the envy and hatred of the rich. Pretty ugly spectacle. If the progressives get their way of free education for everyone, that would save the rich a lot of money. Has anyone considered that?
Because the two faced bastards fraudulently tell you that it is a competitive environment based on ability and it most certainly isn't.
" If the progressives get their way of free education for everyone, that would save the rich a lot of money".
No it won't....it will only fill up the schools with the dregs of society who want to extend their childhood. the rich will have to find other schools so their little darlings wont have to go with the Riffraff. BESIDES....who cares if someone else saves money. That is not a very objectivist viewpoint....to be against something solely because some rich guy will get ahead.
https://www.cnbc.com/2018/08/16/15-co...
Indeed -- at my former company of 18 years, three of the most effective software developers had very little formal education. One guy got his degrees online.
Jan
Some of the players will be exposed but the scheme will stay.
There was an option to enroll as a co-op student where one could work alternating years at cooperating companies to earn enough to attend school the following year. A lot of veterans attended on then GI Bill following WWII.
Look where it is now. One of the top engineering schools in the world! I like to think we made it that way.
In '75 a resident student at a well respected state engineering university had a matriculation bill of about $144 per quarter and it took 12 quarters to get a bachelors degree in engineering. Total matriculation for a bachelors degree was roughly $1,728. A non-resident student paid an additional tuition cost of about $3,000 (because the resident student's parents had paid taxes in the state for years that were used to support the university.)
The dormitory costs in '75 were about $35 per month per student in a 2-person room located downtown in a major metropolitan city. Meals were about $200 per quarter. (Annual room and board total was about $915.) Books cost about $60 per quarter ($180/year.) Other mandatory fees (student activity,student health, etc) were about $200/year.
The resident matriculation increased over the next 2 decades (1995) to $7,596 (for 4 year degree), while the non-resident tuition increased to about $18,360 (for a 4-year degree.)
By the year 2000, resident matriculation was up to about $11,584 and non-resident tuition was up to about $34,752 additional for a 4 year degree.
In 2000, the annual room and board is estimated at $5,090 and books at about $500/year. Other mandatory fees were $694/year.
For 2018, resident matriculation is $49,672 and non-resident tuition is an extra $82,384 for a 4-year degree. (This includes other mandatory fees of $2,410/year)
Room and board in 2018 is $11,492/year.
Books are estimated at $800/year for 2018.
This is for a state public university, not one of the elite institutions that have additional costs for the relationship "pull" received by rubbing elbows with sons and daughters of thieving looters.
Recap
1975 resident 4-year degree tuition, books, room and board $6,908
1975 non-resident 4-year degree tuition, books, room and board $6,908+12,000 = $18,908
2000 resident 4-year degree tuition, books, room and board $36,720
2000 non-resident 4-year degree tuition, books, room and board $36,720+$34,752=$71,472
2018 resident 4-year degree tuition, books, room and board $98,840
2018 non-resident 4-year degree tuition, books, room and board $98,840 + $82,384 = $181,224
This university claims to be rated as the 4th best "value" in the US in 2018 according to an independent study.
http://www.collegecalc.org/colleges/
I read an article more than a decade ago in a popular magazine that talked all about the rising costs of higher education and how it wasn't linked to anything but their own skyrocketing prices - except maybe government assistance.
If people started realizing the value of trades - for which a college degree is pretty useless - and the prevalence of good jobs in this sector I think we could get people out of this mentality that a college degree is necessary. I think the thing which pains me the most is that the vast majority of an undergraduate education is what you should have learned in high school - basic "Readin', 'Ritin', and 'Rithmetic".