Elizabeth Warren’s latest rope-a-dope con . . . student loan forgiveness

The issue has to be what is the government going to allow the money to be spent on. Too much of that money is already spent on fringe benefits and administrative costs. And seriously, if you haven’t been on a college campus in the last 10 to 15 years. Look at the glorious things they are doing to lure the students there.

So, I was correct in thinking your objections

So, I was correct in that your objections were in consequence of your own thinking and misrepresentations of what I wrote.

As to numbers CLICK HERE and see the following figures starting in the 1970s and moving forward.

Also see:

College and university position salaries, both academic and supportive 1960-1969 which gives an idea of pre-Johnson’s great socialist society figures.

  • 1959-1960. Covers the salaries paid to teachers, professors and administrators in degree-granting institutions and junior colleges. The library has additional data from 1957-1964 in print format (not yet scanned.) Contact us for a lookup.
  • 1961-1962. Mean annual salary for full time faculty members by level (professor, associate professor, assistant professor, instructor, college president, dean. Also shows data by size of institution. Source: Digest of Educational Statistics, 1963 edition.
  • 1961-1962. Much more detailed than the entry above, this lists salaries for faculty and administrators by job (college president, registrar, manager of residence halls, director of food services, library director, etc.) Breakouts by type of college and region of the country. Source: Higher Education Salaries, 1961-1962.
  • 1962-1963. Higher Education Salaries, 1962-1963.
  • 1964-1965. Annual salaries of full-time faculty members by academic rank and by public or private institution

And I still have no idea what you object to. When you bunch almost everything I wrote together and then comment in a general manner, you lose specificity .

Finally, see College Costs Out Of Control

Universities, of course, are subject to inflation like all of us: food, water, fuel, electricity, etc. all increase for them as it does for households. And some inflation is due to increased spending on facility construction, especially lab and computer costs. But most of these capital expansions are paid for with donations and debt. The overwhelming cost culprit is labor costs. Between 1993 and 2007, total university expenses rose 35%. But administration expenses rose a whopping 61% and instruction expenses rose 39%. In fact, as a 2010 Goldwater Institute study finds, “universities have in recent years vastly expanded their administrative bureaucracies, while in some cases actually shrinking the numbers of professors.” While enrollment rose between 1993 and 2007 by 14.5%, administrators employed per 100 students rose nearly 40% and spending on administration per student rose by 66%.

JWK

You weren’t talking about that.

You were talking about how colleges got expensive in the first place.

Thank you, i will look these over.

I can assure you that had our federal government never involved itself in federal underwriting college loans, and kept itself out of this area, the forces of a free market, especially that of supply and demand, would have kept these costs within the financial means of the vast majority of those wanting a college education.

It should also be noted that had states created and encouraged sufficient vocational schools, and introduced junior and high school students to the trades on par with the desire to channel them into colleges, there would have been far less college dropouts and more market ready young adults capable of earning a comfortable lifestyle.

JWK

What Higher Education needs is serious reform and not more money thrown at it. Number 1 being reducing the time. There is absolutely no reason Higher Education (High School + College) needs to be 8 years of ones life.

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