There are other things that you can study at ivy league schools besides economics and I’m sure many of those programs are quite good. Just saying.
It’s like asking why are private elementary schools so expensive. The government subsidizes the public universities to a greater degree. I imagine that in real terms the private schools are cheaper.
Well, it still stands that an economics degree from Princeton is probably worth more than an economics degree from SDSU or UCSD. Ivy League schools just have high reputations, so employers value your degree more - or, they think that since you were accepted to those schools you are immediately a harder worker. In any case, I’m willing to bet that if somebody said they got their PhD under Paul Krugman it would carry more weight than saying you got your PhD under George Reisman or Roger Garrison - even if Krugman can never even realistically be considered an equal to Reisman and/or Garrison. It’s just another example of the sorry state of mainstream academia.
Or at least of mainstream economics academia.
Yeah, probably for the (relatively) noncontroversial stuff like law, biology, physics, ect.
I don’t think the workload is necessarily more difficult at Harvard. I have heard for instance that Boston U has a reputation for requiring a lot of work, and although its very expensive, its not exactly seen in the same light in terms of academic prestige as any of the Ivy league schools. Harvard has a 97% graduation rate, which either means it can’t be THAT hard, or they do an excellent job of only finding the brightest and most motivated students.
I doubt that they try particularly hard when big wallets are shaking.
None of the ivies are really ranked in the top engineering schools. http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-engineering-schools/rankings
Who cares if you’re number 1 in African American Women’s Studies? Maybe law school does. STATE FTL
Private schools are expensive for the same reason housing prices bubbled. Any one and everyone is able to get a school loan in the states. This drove up the demand radically and the cost along with it. Unlike housing however there is no tangible good to reflect it’s value, so the incentive to invest in education is different then that of housing. There is also still a lot of political pressure as well to make education as widely available as possible to everyone, regardless of their qualifications and financial abilities.
Of course government support hurts competition and makes private universities more expensive.
When it comes to ivy league schools, some do have great resources and education, but the real value is the reputation, and even more the connections. Good networking brings the best paying jobs.
My mom is a lecturer at a public university and many family friends are professors, lecturers, secretaries, etc. at public universities. One thing about public universities is that their capital costs are covered by state (and sometimes local) governments. That alone is probably the major reason why private universities seem so much more expensive.
This seems to be a very, very easy to understand concept.
I teach at a small private academy. Our tuition is relatively expensive (it’s in the South). However, our tuition is significantly less than the per student spending at every government run school around us, including some good public schools and some awful ones.
So it appears to people that our tuition is expensive, but the true cost of government schools is hidden because it is funded by taxation.
My friend thinks that public university tuition is lower because they are regulated, is that why?
Anyway, I’m kind of pissed after looking at my budget. After two years(most of which are gen eds) I will have spend $25k on my education, and be in debt. that much.. where I’m only actually using the other $75k in costs for actual learning. That $25k is all spent on Gen Ed classes which are worthless information. I have to take Intro to Gov. before I can take any PoliSci class.
For a test, we have to name all the political parties, their ideologies, ect… I think I’m quite above that. Yet, I’m paying for this? Is there really way out of this shit at all? If I don’t go to College then that = no job.
Also I have to deal with the shitty state bureaucracy if i want to be a professor anyway..
No, it’s because they’re state sponsored. Private universities have to come up with funding on their own, the state schools can use private funding and taxpayer money. Ever wonder why government high schools don’t charge tuition?
That article explains that in Texas students only paid about half of the cost of their education.
You spend 4 years around Harvard and Yale students. Harvard and Yale place people in large institutions, they advance, then they hire people from their own school, especially people they know. At the graduate level, it might make a difference education-wise who lectures to you, not really at the undergraduate level. There, what you need is a good teacher, strangely absent at all but the lowest ranked colleges.
Well, I would be talking about going to Wesleyan for Graduate School. Which I live 5 minutes away from.
Grad school seems to be an entirely different ball game. A grad student seems to be actually able to take advantage of the fact that their professor is an expert.
I just explained why. Public university capital costs are entirely covered by state and local governments. Private universities, on the other hand, need to include these costs in their tuition.