Differential pricing for ... Tuition
That's more like introducing a relationship between price and value - pay more for a more valuable degree. OTOH, I think you only took CompSci, right, Rick?
July 31st, 2007 3:56pm
July 31st, 2007 4:18pm
We should invest in our children's future: buy a college kid today, and make them pay a percentage of future returns/salaries.
July 31st, 2007 5:17pm
College kid futures, traded on the Chicago exchange?
July 31st, 2007 7:48pm
"Differential pricing schemes are being implemented, whereby majors in engineering and business pay higher tuition rates than majors in arts and humanities."
<sarcastic remark>As the token economist I have to say that that makes a lot of sense given that colleges are complaining that they can't find any americans who want to study engineering. It fits in perfectly with classical supply and demand thinking.</sarcastic remark>
July 31st, 2007 7:56pm
why bother being educated oneself when we can simply sell education to other nationals?
just keep a few slaves, um strike that, "professors" around to keep the money rolling.
July 31st, 2007 8:05pm
I trust this will be a fee for value model, where the engineers get the better professors, who are paid more?
August 1st, 2007 2:24am
If we're going to go with market policies, why not pay for performance? Isn't that the best way to ensure quality?
The university claims certain professions will pay more and thus you should pay more for 'training' in them. Let's back up that claim with a contractual requirement of deliverance. The university will state how much you will earn upon graduation, minimum.
On graduation, if you are not offered a job that pays that minimum, the university refunds all your tuition, and pays a fine for non-performance equivalent to the proposed salary times four years.
August 1st, 2007 7:09am
Hmm... there are already a great deal of IT folks, networking/sysadmin types, programmers, and management that have degrees in all sorts of unrelated things.
All jobs aren't like that, sure, but there aren't very many jobs so specialized that a single degree is all that fits them.
All this does is created a new basis for widening the gap.
Too many people are getting degrees so they need a new sieve for the resume pile. I suppose we can count the days until the first job-ad disclaimer of 'No liberal arts degrees.'
August 1st, 2007 10:50am