[iDC] Fwd: <edu-factory> Top Ten Universities for Student Debt in the U.S.

[Sam Dwyer]

Continuing this line of thinking, what will happen to the institutions that have become accustomed to the debt-subsidized and subsequently inflated tuition levels if there is a market correction/"crash" in demand. Will tuition just become even more expensive?

-Sam Dwyer
#860.248.1155

On Aug 23, 2010, at 12:49 PM, George Siemens <gsiemens at gmail.com> wrote:

> Much of the conversation on tuition fees is focused on the financial impact on students (duh). But, as this article details ( http://www.washingtonmonthly.com/college_guide/feature/the_prestige_racket.php ) the perception of cost and quality requires universities that wish to be seen as elite systems to increase tuition. 
> 
> Not all cost increase in education is driven by need - a good portion is driven by ego.
> 
> George
> 
> On Mon, Aug 23, 2010 at 6:08 AM, Heidelberg, Chris <Chris.Heidelberg at ssa.gov> wrote:
> Jeremy:
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> 
> I am so glad that you posted this to the list serve because I came across similar data when I was working on my dissertation several years back because I was looking at technology as a way to save money and initially I found that the for-profits were doing quite well, but when I dug a little deeper I found that “real universities” were making even more real money and most of it appeared to be based on getting students to get loans. Now we know the truth when some financial aid folks at some of the big schools were actually charged with colluding with the banks to make money off of students loans. There were real convictions and real resignations. I found out even more by looking at some of my wife’s data because her research for her dissertation deals with a loan-based system versus a grant based one. This article really makes some good points. Naturally, Kaplan does have an axe to grind too being a for profit entity and arguably the most profitable arm of The Washington Post Company. This is a problem with media consolidation and convergence technology: the for profit media is now getting into the for profit education game. If you do not like how the mainstream media, cable and telecoms treat customer, you will really not be happy if they export their business model in nicer package to higher education.
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> Here is something to consider, has anyone looked at the endowments of these schools cited. You may notice that some of the schools at the top also have some of the biggest endowments. I haven’t checked the latest data but I believe that the University of Texas has the biggest or one of the biggest endowments in the world. Great job on this one Jeremy! The banksters have really succeeded in transforming our education system into one where students start off in debt that is extremely difficult to pay back.
> 
>  
> 
> Chris A. Heidelberg, Ph.D.
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