this post was submitted on 11 Oct 2023
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On the flip side, consider this. If few can afford university, then the universities will have a reduced income and they'll be forced to adapt by shrinking and lowering tuition rates. Cheaper institutions will end up with a competitive advantage. This could ironically make degrees more affordable.
Your logic completes ignores costs of business. Property taxes. Utilities. Staffing. Those must still be covered
We can lower all of these costs by shrinking the university. Fewer buildings, fewer utilities, fewer classrooms. Not to mention the many extraneous amenities that don't directly relate to coursework.
What about online university? Then you don't even need a building and students don't need to travel to the campus.
You're talking about changes that will take a generation or more to settle. While these things are in flux, professors will lose their jobs, research grants and budgets will be gutted, and educational assets will be liquidized (imagine museums being sold off to private collections - this is incredibly damaging to the collective knowledge base). Meanwhile, the generations that wait for prices to come down will be left having to educate themselves on the internet, which not everyone has the motivational drive to do or the ability to spot which sources are providing reliable, accurate material they can learn from.
I get that something's gotta give, but banning loans altogether ain't it unless your entire goal is to turn Gen A's moniker into Ass-Backwards.
Yes, I acknowledge that this would be a shock to society in the short term. But do we really want to maintain the current status quo?
When I wrote Internet, I don't necessarily mean people will have to teach everything to themselves. I mean services like online classes which offer similar curriculums to a university course.
I think if you read my comment again, you'd find I acknowledge things need to change, I just think your proposed solution is bad.
I can imagine ways to accomplish these goals more gradually, with less complete and utter destruction, but I don't think someone who proposed something so extreme from the word go really wants to discuss the moderate stance, so I'll leave it with you as a thought exercise.
I agree with you that we could do this gradually. I'm just creating a what-if scenario in this thread.
Old people lose good jobs...
I am sure all the young people who never had a good job will suffer from this
You snark, but unironically yes? Obviously?
If you think the professors that will be left will be the highest quality instead of the longest tenured, you're being willfully ignorant. And that loss will ripple down through every generation those passionate and skilled educators would have taught. Plus, "the olds" or whatever have families (which include young people) that would be suffering even more directly to boot.
E: I see we're doing the whole "disregard the overall point and only snark about the lowest hanging fruit you can intentionally take out of context" thing. Into the void with you, redditor.
Yes children of high income earners might also suffer...
The horror!