As I get closer and closer to starting my MBA program I have started thinking more about costs and loans. I never really thought about this before but it seems that if the costs of attending and the other costs associated with school are increasing at an unsustainable rate.
Every year costs of tuition increase way more than inflation. For example, my girlfriend is going to the Unversity of Washington MBA program in that fall. Last year the direct costs paid to the University for out of state tuition was $32,000 this year the cost has jumped to $35,000. That is an 8.6% increase. Supposedly as a general rule of thumb inflation is about 2-3% per year. So the University of Washington increased the costs of it’s MBA program about 5.6-6.6-% over normal inflation. I would say that this is just because they probably got less funding from the state or some other excuse that deals with the current economical situation that we find ourselves in. But when I went to UCLA for undergrad tuition costs also always increased far more than normal inflation would account for.
It seems to me that if this keeps going for the next 30 years we will have much less educated people in the United States because it just wouldn’t be worth it. Even in state tuitions would become much more expensive and unmanageable especially when you add in the other costs associated with a four year undergraduate degree or even a two year masters degree program.
It is my opinion that education should be heavily subsidized by the government. You can call me socialist, communist, or whatever you want but I think it is retarded that Cuba can have one of the highest amount of doctors per capita in the world and here in the US education is slowly becoming an impossibility for the vast majority of citizens. And Cuba has accomplished this in spite of heavy sanctions from the United States and other countries.
We spend over 40% of our budget on “Defense,” why don’t we spend, lets say, 30% of our budget on defense and then use that extra 10% to put more people in school! I don’t know, that’s just my opinion. I would rather have my tax money put towards educating people than wars that seemingly accomplish nothing. But hey maybe other people feel differently about the current situation. If you think I am an idiot feel free to comment and be as mean as you want to be. I promise I will approve it.
Anyways back to the real work. later dudes!