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Rice University Says Middle-Class And Low-Income Students Won't Have To Pay Tuition (npr.org)
Rice University is "dramatically expanding" its financial aid offerings, promising full scholarships to undergrads whose families have income under $130,000. NPR reports: The school says it wants to reduce student debt -- and make it easier for students from low-income families to attend. "Talent deserves opportunity," Rice President David Leebron said while announcing the plan on Tuesday. The full scholarships are earmarked for students whose families have income between $65,000 and $130,000. Below that level, the university will not only cover tuition but also provide grants to cover students' room and board, along with any other fees. Another part of the program will help students whose family income surpasses the maximum: If their family's income is between $130,000 and $200,000, they can still get grants covering at least half of their tuition.
The trend lately is for colleges to set a ridiculously high price, then give "everyone" a discount. They're taking as much as they can from everyone. In what other field do companies get away with that? What a scam.
If your family is pulling in $130,000 and you can't afford an education then the problem's in the Universities.
Maybe those $100 million sports facilities and plasma TVs in every bedroom aren't really needed.
No sig today...
Germany has had such a system for decades, and is the power house of Europe.
The world's burning. Moped Jesus spotted on I50. Details at 11.
As the US continues it's long fall towards Socialism, I am saddened by the low information populace who think that this will be a panacea.
Let me try to help you out:
Rice University: William Marsh Rice University, commonly known as Rice University, is a private research university ... (emphasis added)
As someone who is strongly committed to both free market principles and also smaller government I think this is utterly fantastic. It doesn't get better than this. It is the polar opposite of Socialism.
The university, a private entity, has made a public financial commitment that better serves its own interests and the public good. Why hate on that? I mean, seriously, I would much rather see this sort of thing than more government handouts. Those handouts require the government to use the police power of state to confiscate private property (the money each taxpayer earns) and then use a corrupt and inefficient system to dole it back out. In fact, federal education spending is probably the most wasteful spending on the part of the federal government. The university doing this for themselves means that they have a vested interest in efficiently applying the funds in question and in producing the best outcomes (successful alumni who improve the school's reputation and donate back to the school).
Sorry, but you are way off base and this should be the way that education gets fixed in this country: by the schools, not by the government.
The trouble with socialism is that eventually you run out of other people's money
Rice University is a private institution, so this is charity, not "socialism".
They may have done a cost-benefit analysis and figured what they will lose on tuition, they will make up in endowment contributions from grateful future alumni who are earning and investing rather than trying to pay down debt.
They will cover tuition, but what about all the other costs? Not covered unless your family is below that $65k mark. I wonder if they found that they still make a nice profit on the room and board, etc.
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One semester of bad grades, and out the door German college students go.
That seems like a good incentive for students to do their best.
German 'poors' are routed into apprenticeships, same as their parents were.
No, German 'dumbs' are routed into apprenticeships. It is based on aptitude, not income.
And there is nothing wrong with apprenticeships. They are a good option for people that are not academically gifted.
I went to college and did an apprenticeship in metal working. Knowing how to use a metal lathe and CNC mill turned out to be very useful life skills.
Not just the university presidents.
You listed some university presidents with very high salaries. Let's compare to the head football coaches for those same schools.
1. Arizona State: the president makes $1.5mil, the football coach makes $3.2mil.
Your second university listed, University of Texas, paid it's chancellor $1.5mil. In the past three years, they paid their football coaches an unbelievable $54 million.
https://www.businessinsider.co...
You can go right down that list and see that university football coaches are making several times more than the presidents of the universities. In fact, in every single case, they are the highest paid public employee of their respective states.
You are welcome on my lawn.
In 1964, Rice's tuition was $0, per the Founder's will. Then they broke the will and started charging. Of course, others since, singlely and in combination, have given more now. However, this is a good step toward restoration of their Benefactor's honorable intent.
Very good fucking point my friend!!
I cooked for 10 years. In good restaurants, some the best or busiest in their town. One might call me an apprentice chef, well not anymore, but then.
Too bad those 10 years of apprenticing got me nowhere! All I know how to do is cook very good healthy fresh food for a lot of people and also bake bread and do so with health and vigor and flavor and community in mind!
Woe is me, however will I apply all of these completely useless skills that I learned outside of college!
That's my favorite model for paying for college, as the university has to create rich alums who credit the university for their success, if they want to continue.
Hopefully more universities will follow suit until it becomes what the market expects from universities: to not only instill pure knowledge but promote learning in philosophical values such as generosity as well, or "being a decent human being". If the performance and value a school brings to the table in terms of lifelong learning and earnings is really there for prospective students, then there should be plenty of rich and generous/amicable alums willing to donate to help maintain the value of their school and contribute to its longevity and future learners.
If they can afford this and keep the lights on, it really shows how much we are all overpaying for higher education.
You are being ripped off every second of every day, so that advertisers can help rip you off even more tomorrow.
Firstly, intelligence and wealth don't correlate very well. Plenty of stupid-to-mediocre people have become rich (most athletes and actors spring to mind), and plenty of brilliant ones "waste" their life in intellectual pursuits rather than accumulating wealth.
Also, the genetics of intelligence are not so simple. There's plenty of brilliant kids born to mediocre parents, and plenty of mediocre kids born to brilliant parents. Society is best served if the poor, smart ones are able to develop their intelligence into valuable skills, rather than pursuing whatever dead-end stream of jobs keeps food in their belly. Of course, that means added competition for the stupid rich kids, so the wealthy are often opposed to the idea.
--- Most topics have many sides worth arguing, allow me to take one opposite you.
One semester of bad grades, and out the door German college students go.
Complete nonsense. Where did you get that idea? If that were true, I wouldn't have a terminal degree in computer science...
Stephan
It gets even more complicated. Nutrition during development in childhood has a pretty significant effect on cognitive ability, so even if you win the genetic lottery, you can still lose if you're born in to extreme poverty where caloric and nutritional intake is too low during developmental years. There's a lot of research to back that up, indicating that while cognition certainly has a genetic component, like all complex traits, there are significant environmental components as well; nutrition, exposure to heavy metals and other toxins, exposure to violence, maternal depression, and so on and so forth.
The world's burning. Moped Jesus spotted on I50. Details at 11.
We shouldn't need a lot of government programs if private donors stepped up to the plate. Government should only be a stop gap.
And yet, I've acdtually had people tell me that I was stupid to give money to charities and then later are heard to be bitching about government shouldn't be doing this either.
If someone hates government giving away any money then they should put their money where their mouth is and try to take up the slack.
If they can lower tuition, that means that did not have to raise it to meet ends. Then why did tuition raise in the first place?
1. Michael Crow, President, Arizona State University $1,554,058
Arizona State has 51,000 enrolled students, paying either $10/28K each year - call the average tuition $20K, times 51,000 students, and it is a Billion dollar/year business, so paying the President/CEO 1/10th of 1% of revenues isn't really an issue. If you eliminate the President's salary, you'll save $20/year per student - does that really make a difference? $28,000 becoming $27,980 doesn't make college more affordable in any meaningful way.
Ken
My entire German extended family.
It is true.
Well, there are at least two models of the world in which this statement is true. Either your entire German extended family consists of zero people, or they are lying.
The German education system has a lot of problems, but throwing out students after one semester of "bad grades" is not among them.
Stephan
In fact, in every single case, they are the highest paid public employee of their respective states.
Glad I'm from a civilized state like Kansas. Our highest paid public employee is a basketball coach.