Not only will this encourage new entrants, but it will force existing universities to search for cost efficiencies and lower their prices to compete.
Industries like higher education have seen enormous cost growth over the past decades, even as the cost of other goods and services has fallen. Price transparency and robust competition have gone a long way towards reducing prices in other industries. The higher education system should follow their lead. This is a BETA experience. You may opt-out by clicking here. More From Forbes. Nov 9, , pm EST. Nov 9, , am EST. Nov 8, , pm EST. Nov 8, , am EST. Nov 7, , pm EST.
Nov 7, , am EST. Edit Story. Aug 31, , am EDT. Follow me on Twitter. Community colleges cost a fraction of what it costs to attend a four-year college. While there are many more methods that you can use to reduce college tuition personally, the elephant in the room yes, this is a pun for Republicans needs to be addressed.
Parents and students need to make some real noise to get politicians to notice this horrible crisis and finally do something about it. Now before I get into this, I just want to throw out that this is in no way endorsing any political party or candidate. No pitchforks, please! Mark Rubio says he does not think tax money should support the current higher education system.
He also says that universities raise fees too often, and too quickly. These plans would link students to private investors. In return for funding from investors, students would pay back part of their income to those investors for a set number of years. Unlike loans, students would not have to pay back the full amount that they borrow from private investors.
However, they would still have to pay a percentage of their income for the amount of time that they agreed to. Sounds pretty creative to me. This is not only beneficial to college students, but it also allows people with money to tap into the most brilliant and creative young minds out there, and motivate them to dive even further into their chosen fields of study and learn more. It allows investors to pair up with students that study subjects similar to the needs of the investor.
Companies can then mentor and shape those young minds to be great thinkers and problem solvers outside of the academic setting. Jocelyn challenged this by asking what would happen if a student changed their major or career field, certainly a likely situation. But still, I like the idea! In any event, take care of yourself and your sanity. This is not an easy problem to solve, and it all takes time and effort.
Keep working on it, and keep on fighting the good fight. If you liked this article, comment, subscribe and share on your favorite social media app. You never know who it might help. His mission is to mentor people on how to overcome extreme anxiety related to public speaking. As a concerned parent of students in high school and college, and always looking for ways to ease the financial burden of college tuition, he enjoys researching and contributing articles to The Scholarship System.
The government should have more program to lessen the fees if not totally eliminate for public colleges. Investing in education would definitely lessen the poverty level in the coming years. Thank you for writing this!
This really is something I think both sides of the political party wants to improve in. I for one really like the online courses. I can only imagine what it would be like if the basic subjects were available online.
Great post! Per-pupil operating expenditures vary a great deal in different institutions. Private universities spend five times as much per student as community colleges and public research universities almost three times as much. This is because the private ones are given sufficient funds to not only educate students but also to engage in researches.
This is however not a plausible explanation, since if we leave the research part out, there still exists large gaps in expenditures made for student education and related expenses. We need to re-think how we allocate public funds to better match student needs and public resources. I often wonder why we do not do a needs analysis in every region and, based on the data, create additional grants or funding for degrees that are needed for the local workforce.
For instance, in my region there is a dire need for doctors, nurses, and industrial computing. If a student is willing to pursue these fields, there would be a big payoff in investing in those skills. Apply Now. Request Info. Ask a student. UoPeople Arabic. Business Administration. Master's Degree MBA. Bachelor's Degree. Associate's Degree. Computer Science. Health Science. Master of Education M. Ask Me Anything. UoPeople Quality. Academic Leadership. Academic Experience.
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