I wondered when President Obama would bring attention to the critical issue college tuition. Some economists refer to this as the next economic bubble ready to burst. In our multi-billion dollar higher education industry, that will mean declining enrollment, layoffs on campuses, and a generation of young people opting out of a college degree. Consider that Syracuse University is this region’s largest employer. Any furloughs on the hill would cut this community deep.
Has anyone noticed the number of Chinese and Indian students populating our campuses lately? No one is offering them visas to start their businesses here. They’ll continue to take their educations home while we send kids to vocational school or the work force because it’s all we can afford. It is in the best interest of every country of the world to provide the best education possible to the next generation of citizens. Unlike other countries, we place the full cost of this education squarely on the backs of individual students and their families.
The President wants to reward colleges and universities which hold down tuition costs, serve students well and provide good value. Public universities that continue to spike tuition and fees will receive fewer taxpayer dollars in return. It’s a start.
Until now the only response to outrageous tuition increases has been that there’s more financial aid too. This is like the crazy STAR program in New York state which created a bureaucracy to collect school taxes, only to give some of it back when taxpayers go through the trouble to fill out forms. Why not just collect less in the first place?
I attended college from 1975 until 1979 at a cost to my parents of $3,500. per year for everything. For the last two of those years that figure was cut in half because I got free room and board by working as a Resident Assistant in the dormitory. I recall my father earned about $75,000. a year as a judge in Massachusetts at the time, making tuition manageable for the household budget. In fact, my sisters followed me one after another. My poor dad had three girls in college at the same time for two years. Still, no one in my family had to take out a loan to make higher education happen for us. We started our young adult lives debt free.
How can we reduce costs and still remain competitive in a global market? In my opinion we can begin by stripping the college experience of luxury. We don’t need to return to the days when two strangers shared a monastic 9′ x12′ room with nothing more than two suitcases of clothing and personal effects, but think about it. After four years of living like that, how much do you need in your entry-level job to be happy?
Today’s students demand private bedrooms in suites with kitchenettes, bathrooms with soaking tubs and views of the hills or the city lights beyond. Fitness rooms have state of the art machines. Cafeterias offer more menu items in one night, than my school offered in one month, and I actually loved the food. We’ve lost our way.
The saddest part of all this is that college students hardly realize what they are signing up for. By assuming tens of thousands of dollars in loans for the promise of a better career on the other side, they are financing luxury now for austerity later on. The old model involved studying hard for four years to get out of that tiny room with the slob they lived with, so they could get a job, a used car and their own apartment.
So many college graduates are unable to find jobs that they’re back at home with mom and dad and chipping away at their loans with waitress and retail jobs. Others have found work in their fields, but can’t afford the low pay, so they’ve taken slightly higher paying jobs with dangerous or less satisfying work to make ends meet. These are signs of a bubble about to burst.
My dad used to tell me college was for “learning how to think”, not for career training. Though I still believe he is right, it is difficult to justify a near quarter-million dollar, four year investment, for thinking.
As much as I would like to think President Obama’s new focus on tuition will prompt change on campuses, this is really a bottom line issue. At kitchen tables around the country there are conversations about a college degree not being worth the high price tag. Tuition must return to a level that society as a whole can afford. As with so many economic issues today, the needs of 99 percent of the population can not be ignored any longer.
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