I was just reading the Stanford was getting ready to pay 160k over two years to 3 students who were willing to relocate to the midwest after they graduate and though the story can be given a positive spin, one fact caught my eye: It would have cost them 111K to attend the school. It is official the cost of education have become insane.
Yes, I understand good education can be costly but when education costs rise 80 percent in 5 years, it is definitely not healthy. Though I understand some of it is due to inflation, the cost of college has been multiplied by ten over the last 30 years, that is 3 times inflation.
It definitely does not benefit the student as most of the additional profits are not really reinvested into providing better education. Profits are not even used to provide a better education as a lot of the profits go to admin costs.
Yes, there are some huge benefits to attending college. Is knowledge important? absolutely. The problem is more and more students graduate in debt. Many low paying jobs that did not require a degree now are now staffed by indebted students who will likely never be able to pay back their loans.