Last year, the average cost of tuition and fees was $9,139 at four-year state schools and $31,231 at private nonprofits. Any policy reducing tuition to zero would primarily benefit students whose families earn the most, who currently pay all or nearly all of a school’s full tuition price because they can afford to.
.. These loan programs merit closer scrutiny because the government extended about $96 billion in student loans last year, and $1.2 trillion in loans are currently outstanding.
The Reality of the Philosophers vs. Welders Debate
Writing for the Washington Post earlier this fall, Jeff Selingo dug into a Gallup Poll of 30,000 college graduates. Just 38 percent of individuals who graduated within the past 10 years “strongly agreed” that college had been worth the money. The numbers were even lower for graduates with student-loan debt. But as Selingo reported, that’s not surprising given the brutal hit the recent recession put on the nation’s job market:
A Crisis Our Universities Deserve
And within this system, the contemporary college student is actually a strange blend of the pampered and the exploited.
The Financial Calculations: Why Tim Wolfe Had to Resign
There is big money in college football. In 2014, the University of Missouri football team generated$14,229,128. Coach Gary Pinkel recently received asalary increase from $3.1 million to about $4 million; Wolfe, by contrast, made $459,000 per year. His decision to step down prevented substantial financial losses to the university.
.. Therefore, the parties agree that if one party cancels (hereafter, the “defaulting party”) any game or games, the defaulting party shall pay as liquidated damages to the other party One Million Dollars ($1,000,000) for each cancelled game, to be paid no later than thirty (30) days following the scheduled game.
.. The resignation of Wolfe may signal a short-term victory for minority populations at universities, but it signals something else, too: the economic stranglehold that college football has on the decisions made by these institutions. The experiences of racism at the University of Missouri needed to be addressed, and it appears that it took those with the most financial influence to make that happen.