Why has college tuition skyrocketed to 150% above the rate of inflation over the last 40 years? People on every corner of political spectrums are pissed about it, too! It's one of many reasons I'm against the "cancelling" of student loans - it would further drive college costs up. So, why is college so expensive? Join me as I sit down with the Dean of Social Sciences from a local community college to get his perspective from inside academia.
We’ll explore everything from administrative bloat to government funding cuts, and discuss how technology and societal changes are making an impact.
We’ll also touch on what colleges might do to reverse this trend and make higher education stop inflating at such a rapid pace (because we don't see how it drops much, at this point).
And then I ask J about his favorite minor league baseball team name (a la the Savanna Bananas), and he does not disappoint me with his quick fire answers, despite me giving him absolutely zero heads up I was going to ask the question.
TALK AMONGST YOURSELVES:
What do you think is the biggest factor contributing to the high costs of college education?
00:00:00 Intro
00:01:09 Intro to J Hall - Dean of Social Sciences at Oklahoma City Community College
00:05:55 What factors have made college so expensive?
00:14:31 Higher education is a more competitive space than 35 years ago
00:19:18 How student loans play into higher college costs
00:22:53 How staffing and administrative costs increase college prices
00:28:41 We're note adequetly preparing K-12 students for college
00:33:29 Degree inflation in the job market
00:37:17 Income Share Agreements
00:39:38 Should some colleges remove degrees like Art History that are graduating more students than there are jobs available?
00:44:55 Is there a local, state, or federal government solution to high college costs?
01:13:55 Colleges teaching kids what to think, not how to think
01:20:52 Innovation is the key
01:25:13 We need to change how we talk about secondary education
01:32:29 For Fun - What's J's favorite minor league baseball team name?
#CollegeCosts #EducationInflation #HigherEducation #TuitionFees #StudentDebtCrisis #EconomicTrends #EducationPolicy