Friday, October 26, 2012
The High Cost of Higher Education
As both Barack Obama and Mitt Romney continue to battle over who will better serve students and workers in preparing for their future, TIME Magazine has an excellent feature on the rising costs and changing face of higher education in this country. Of interest to me is the role that government plays in subsidizing education and research - much to the ignorance of the average American. I went to the University of Illinois, and most people I know went to public universities. Additionally, many people I know who attended private universities did so with the help of government subsidized student loans. In the years 2012, the average tuition and fees for a private school is $28,000 per year, while the average tuition and fees for a public university is roughly $8,500 per year. So, the question you have to ask yourself is this: if you went to a public university or if you have kids who are attending college or plan to attend college, why would you ever support political candidates who seek to cut government funding for education by up to 20%?