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0 pointsdangus10mo ago0 comments

I think the cynical student paying tuition in America would ask what the money is actually paying for and why it can’t cover the full cost of programs and research given that it’s so high.

Let’s say you go to Ohio State. The out of state (unsubsidized) tuition comes out to about $37,000 for full time tuition. That’s around 108 hours of instruction per year by my estimation.

Students are paying $342 per lecture hour, which means each professor is bringing in between $3000-30,000 per hour.

Sure they have to grade papers but…come on, right?

How is this not wildly profitable?

This does not include room and board, which has to be even more wildly profitable. Imagine being able to charge $1200 a month for a shared room with no kitchen or private bathroom with some cafeteria slop as included food.

I finished a formal university degree recently and probably only 1/4 of my professors were actually actively decent and all the lessons were heavily recycled copy paste jobs that get passed around the department.

Online school makes this an even worse value since the professor just grades electronic work and spends one hour a week on chat hours, with the rest of the lectures being pre-recorded or pre-written.

To be clear, I personally believe the government of wealthy nations should fully cover the cost of higher education to anyone who wants it because it’s a no-brainer obvious investment that pay off in positive societal ROI. My commentary simply concerns the status quo where costs are high despite subsidy and endowments still existing.

0 comments

elashri10mo ago

Unfortunately the way students and the culture around them require in a university is much more than instruction hours. You need to pqy for all the infrastructure and the amenities that these students except and many will choose based on that. I was talking to a couple of parents during a visit recently and they focused more on what the experience their kids will get at my university. They were mostly not talking about education experience.

And most universities don't have any significant endowment and they don't work like what you think. Most of these are money for specific goal. i.e as rich alumni of CS program I can donate $100m and ask the university to invest them or put them in a bank and then pay grants for CS students. The university is legally bounded to not use the money for anything else. But this will be counted as +$100m endowment money for my university.

dangusOP10mo ago

I understand that there is non-academic infrastructure and amenities, but I’m not sure the cost gap is very well explained. I’m paying a multiple orders of magnitude cost premium on my professor’s wage depending on the size of my class and somehow I’m supposed to believe that it isn’t sufficient to pay for some amenities, building maintenance, and other reasonable overhead?

Planet fitness can make a killing on $20/month gym memberships but supposedly the campus recreation center is the bleeding me dry?

This also doesn’t explain how my online state school only had a slight discount over in-person instruction to take classes online. Like I said in my first comment, my professors only performed live instruction for an hour a week and taught with recycled and off-the-shelf materials.

Unsubsidized tuition room and board is higher than the median individual salary.

I think that if there was some kind of mandate or incentive to reduce costs that we would suddenly see cost reduction with very little compromise. But as it stands, everyone involved is incentivized to keep prices as high as possible.