For the record, I’m not American nor live in the US, but I have a 19-year-old son who started attending the University of Chicago this year, studying economics. Just the tuition itself is $70k. My husband and I are lucky enough to be able to afford it - I still believe it’s an outrageous amount of money to attend college.
Majority of everything in the usa feels like a grift now.
Profit/stockholders > people.
I have clients that move to the USA from overseas that see the USA as “safe”.
Unfortunately I have to warn them against getting scammed left and right since it happens to everyone.
they didn’t used to be
Because everybody believes their bullshit snake oil.
There was a recent post on !AskUSA@discuss.online (https://lemmy.world/post/23087700), feel free to crosspost there too
Gotta make indentured servants somehow.
I mean if you can afford a 70k/tuition you probably already know how economics works…
Let me ask, why are you sending your child to that expensive college and not a local community college?
Because he wanted to go there & we can afford it. Plus it’s ranked as one of the best in the world for economics.
You just answered your own question to why it’s so expensive. While a community college is still overpriced nowadays, it would probably be 1/10th of the cost. But if you’re willing to pay 70k a year then obviously someone is willing to take that much money from you.
Most community colleges are very affordable, if not free with financial aid. At many state universities, many students who are low income can qualify for free tuition.
Profit and greed. That’s it.
They charge that much because they can, and what are you gonna do about it? Not go to college? Good luck getting a job flipping burgers without a bachelors degree.
Because idiots keep paying for it. There are so many options for low/no cost education in America but people keep flocking to the same dozen schools for “the prestige” dispite the quality of undergrad education being comparable if not worse than state universities or community colleges.
Same reason the adjuster fixed a CEO.
Huge corruption and collusion between state and schools for the benefit of the owner class.
Honestly? Because stupid people like you keep paying it. Sounds nasty, but you are paying it, and that’s fucking stupid.
The politicians of the US took massive payouts from the banking industry in exchange for commodifying anything and everything that people need. Back in 2008, Biden himself took a $250,000 bribe from MBNA to make it illegal to escape student loans even in bankruptcy.
MBNA didn’t even exist anymore in 2008. It was bought out and subsumed by Bank of America in 2006.
https://en.m.wikipedia.org/wiki/MBNA#Mergers_and_acquisitions
If you have information on that bill/law post it. I’m curious what it actually said.
Good lord you need work on your reading comprehension, or did you just look at the headline and ignore the very first line of the article?
Hunter Biden was working and being paid as a consultant for MBNA and had no direct ties to any kind of lobbying. That’s just what consulting work is. How much was paid never gets disclosed, especially to the public.
Is there other shetchy shit? Sure, but direct bribery from MBNA isn’t one of them and now we’d have to veer off into a discussion of campaign finance and corporate contributions to politicians in a post-citizens United world.
Be accurate in your criticism or nobody will take you seriously.
I’m shocked that you’d make the typical overly generous assessment of actual bribery to excuse any and all of your team. /s
Do some more research. This is just the tip of the fucking iceberg. Biden has a long track record of quid pro quo besides this event that you clearly are purposely looking the other way on.
I could literally show you video of Biden accepting a bribe and you’d find a way to excuse it.
https://oversight.house.gov/the-bidens-influence-peddling-timeline/
https://reason.com/2023/09/18/theres-plenty-of-evidence-of-corruption-around-biden/
https://www.propublica.org/article/bidens-cozy-relations-with-bank-industry-825
https://www.congress.gov/116/meeting/house/111100/documents/HHRG-116-JU08-20201202-SD006.pdf
https://theintercept.com/2020/01/30/does-joe-biden-have-a-corruption-problem/
https://www.npr.org/transcripts/93954519
https://www.motherjones.com/politics/2019/11/biden-bankruptcy-president/
https://www.vox.com/policy-and-politics/2019/9/24/20879735/hunter-biden-trump-corruption-outsider
Yup, you 100% need to work on reading comprehension. I never said nothing sketchy happened, actually I explicitly said other sketchy shit did and does happen, I’m saying the specific example you originally pulled did not support your argument.
The article you pulled, in the literal first sentences said that Hunter Biden was paid as a consultant by MBNA in 2005, 3 years prior to the article and that the consultancy, despite being legally above board, doesn’t look good and happened at the same time a bill favoring credit card companies was passed.
That’s not a direct bribe to Joe Biden in exchange for a favorable bill as you described it.
But instead I’m the shill for Biden because you have done a shit job defending your own point with an article that explicitly contradicts your point in the very first sentence. All I did was read the fucking article and point out it doesn’t say what you think it said.
Again be accurate in your criticism, back it up with anything that doesn’t immediately contradict your points because at this point, I highly doubt you even read a single article you posted in your last reply.
because america is the land of profit over humans. its just that simple.
its ingrained in the entire country. if some rando at the top isnt profiting, it must be killed. its the problem with healthcare. its the problem with government (congress). its the reason we are entrenched in a 2-party hellscape.
Is that just America though? Are there other countries where profit isn’t king?
I’m pretty confident the French wouldn’t stand for “rule by profit”
I’m afraid I don’t have good news…
I’d put money down to Kickstart a documentary series where we fly American Redditors (and Lemm users) to Europe to film their reaction when they see that, yes, they still need to pay for items with money (and perform labor to get the money! 😱😱)
I mean, I’m aware that France has a capitalist economy. I mostly meant to say that Americans let capitalists step all over them in many ways that the French would riot over
The French aren’t the bastions maintaining rights they seem to be known as. Yes, they’ll throw a tantrum over political changes they don’t like, but late stange capitalism is still pretty bad and the average store is extremely bad for the standard competition that would favour the individual. Any mention of “I can get this cheaper at X.” is known to be followed up with “Cool. Fuck off over there then.” In as many words. Returning a faulty item will see the item getting a rigorous inspection to check that it’s still in pristine condition so it can be put back on the shelf to be sold to the next sucker (this is in the large supermarkets, not just the rare shady mom and pop stores). And electricity bills are double customer usage because the primary electricity supplier is owner by the state so they’re “legally” able to add 3 different taxes and their R&D bill to your bill. The telecoms companies do similar, partaking in that fun practice of adding nothing services to your plan you didn’t ask for and then “making things even” by raising your bill. And don’t get me started on the standard for customer support.
Consumer rights are a joke in France and for all of these death-by-a-thousand-cuts capitalist agenda BS practices, the people of France do nothing.
Gotcha, I didn’t know that. Thanks for all of the information!
not that im aware of.
america was founded on this crazy idea of ‘rugged individualism’. that ‘socialism’ is inherently evil. its every man for themselves, and anyone not rich is so because they arent doing it correctly.
its also the reason why even a class full of dead kindergartners is ok as long as we get to keep our guns.
And if the university of Chicago is that “Chicago school of economics” then this kid is going to come out the other end repesting close to what you said, but as a positive. :(
US universities engage in price discrimination between different students.
For public schools, there is different tuition between in state and out of state students. There are also some state government programs based on merit and financial considerations.
For well endowed private schools, the universities will provide scholarships based on a variety of reasons. For students from rich families, those families are generally paying full price and there generally is the implication of additional donations.
This is the reason. Every public school, like University of Chicago, has non-resident pricing that’s typically two to four times higher than in-state resident tuition. Source: used to work at a state university.
The original idea was probably to encourage people to stay within their state and boost the state economy, but greed from the admins kinda changed the nature of things.
The University of Chicago is private. The University of Illinois Chicago is public. They have the added issue the people definitely use the names interchangeably because they don’t know there’s more than one.
When I worked at the state University, we had lists to check that stuff. Sometimes it’s obvious, other times, not so much. Good catch!
Given that state taxes heavily support higher education, it’s not the craziest idea in the world to give lower tuition to those who’ve been paying those taxes their whole lives.
