32% Inflation in UCLA Tuition
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- Wegg
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more from News:
http://current.com/items/91492345_32-inflation-in-ucla-tuition.htm
In-expensive government backed loans for **insert vital thing we all "need" here** causes bubbles that then cause costs to shoot up and we all suffer when those bubbles pop. When no one can afford quality higher education, enrollment will tank and there will then be a LOT of Universities shutting down. Massive disruption. :-(No matter how well intended government backed "stimulating" "helping" money is, it causes REAL inflation.
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timetide
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On average, the new cali student will be paying an extra $1,344 per semester. It has been less than a year since the rates jumped 35%. Fuck the Govenator and lets get somebody with a brain in office.
- 3 months ago
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timetide
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samthesixth
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It has more to do with Cali's unwillingness to reign in spending than anything the federal government has done.
- 3 months ago
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samthesixth
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Wegg
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samthesixth:
I would disagree here. A lot of universities are able to keep their tuitions low because of large philanthropic donations. As you can imagine, I'll bet those have gone down a fair bit. Why? The Real-estate bubble burst which has EVERYTHING to do with the Federal Reserve. Bubbles and wildly fluctuating prices don't happen as much in a true free market that has sound money as its base.
- 3 months ago
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Wegg
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samthesixth
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samthesixth:
But this is a state school whose employees work for the state. State schools have endowments but nothing like the private schools. UCLA does not use it's endowment proceeds to offset tuition, it uses them for other things.
- 3 months ago
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samthesixth
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Kheiligh
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how is this necessarily due to the stimulus, when the same thing happened a year ago, before any talk of a stimulus package?
http://laist.com/2008/05/16/16_ucla_student.php - 3 months ago
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Kheiligh
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Wegg
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Kheiligh:
Kheiligh: Costs are driven up by low or no interest student loans. When more people can "afford" school then schools can raise their prices. Supply and demand.
Say there were only 100 students that could afford tuition at normal interest rates on loans. The school would only be able to hire X number of teachers at X pay. Say then the government comes in and offers no interest loans. Well thats totally different! Now 1000 students can "afford" to go to school. . . but the school can only accommodate 500. So what do they do? Raise their prices.
- 3 months ago
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Wegg
