Aren't all the non-bankruptible tuition fees providing plenty of funding already? Where's that money going? The football team?
Aren't all the non-bankruptible tuition fees providing plenty of funding already? Where's that money going? The football team?
You might want to say tuition should support research, but the reality is that it doesn't.
I personally think undergraduate at a big (research) university is bad for most students. But the prestige ain't nothing.
Let’s say you go to Ohio State. The out of state (unsubsidized) tuition comes out to about $37,000 for full time tuition. That’s around 108 hours of instruction per year by my estimation.
Students are paying $342 per lecture hour, which means each professor is bringing in between $3000-30,000 per hour.
Sure they have to grade papers but…come on, right?
How is this not wildly profitable?
This does not include room and board, which has to be even more wildly profitable. Imagine being able to charge $1200 a month for a shared room with no kitchen or private bathroom with some cafeteria slop as included food.
I finished a formal university degree recently and probably only 1/4 of my professors were actually actively decent and all the lessons were heavily recycled copy paste jobs that get passed around the department.
Online school makes this an even worse value since the professor just grades electronic work and spends one hour a week on chat hours, with the rest of the lectures being pre-recorded or pre-written.
To be clear, I personally believe the government of wealthy nations should fully cover the cost of higher education to anyone who wants it because it’s a no-brainer obvious investment that pay off in positive societal ROI. My commentary simply concerns the status quo where costs are high despite subsidy and endowments still existing.
And most universities don't have any significant endowment and they don't work like what you think. Most of these are money for specific goal. i.e as rich alumni of CS program I can donate $100m and ask the university to invest them or put them in a bank and then pay grants for CS students. The university is legally bounded to not use the money for anything else. But this will be counted as +$100m endowment money for my university.
That's one of the things I like about teaching at a community college; whether or not I get tenure is based largely on my teaching performance, with service to the college and community making up the remainder of my evaluation. While I don't have upper-division undergrads, grad students, or postdocs, I have no research pressures whatsoever, which, interestingly enough, is the ultimate form of research freedom. I don't have a lot of time during the school year since I teach a 4-4 load, but I'm officially off duty during my one-month winter break and my 2.5-month summer break, which means I could do whatever I want during my breaks, including research (I'm actually in Japan right now as a visiting researcher at a Japanese university).
There are some teaching-oriented universities that have different balances regarding the importance of teaching and research in making tenure/promotion decisions, ranging from comprehensive masters-focused universities like those in the California State University system to private liberal arts colleges such as Swarthmore.
But, if university is going to be so expensive, then we the people, and especially the students are being double-taxed - first for the education, and then to support research.
The irony of ironies is that all that research is going to put all those students that paid for it out of a job!
Planet fitness can make a killing on $20/month gym memberships but supposedly the campus recreation center is the bleeding me dry?
This also doesn’t explain how my online state school only had a slight discount over in-person instruction to take classes online. Like I said in my first comment, my professors only performed live instruction for an hour a week and taught with recycled and off-the-shelf materials.
Unsubsidized tuition room and board is higher than the median individual salary.
I think that if there was some kind of mandate or incentive to reduce costs that we would suddenly see cost reduction with very little compromise. But as it stands, everyone involved is incentivized to keep prices as high as possible.