If someone has to pay for something essential, it's easy to keep raising the price every year. Now do it for 50 years straight.
If someone has to pay for something essential, it's easy to keep raising the price every year. Now do it for 50 years straight.
I dunno. It was definitely a thing in the 80’s…. I’m guessing it’s always been like that.
Why even comment on an ELI5 post if you’re going to say “I dunno”?
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Short answer: The 2008 financial crisis led to public budget cuts that forced universities and colleges to seek out students that would pay full fare non-resident tuition. See the graphs in this article. Big uptick starting around 2008. https://issues.org/international-students-us-higher-education-statistics/
Also, as a backdrop to this, the # of international students with enough wealth to go to US universities has been steadily rising, and will continue to rise, as the wealth of developing countries catches up with "developed" ones.
Wow. That's an incredibly informative graph you're talking about, despite the fact that it only actually covers two universities in one state. The very fact that one of them had such a huge increase in foreign students (freshmen at least) and the other didn't, although they both had drastic reductions in state funding, is quite revealing in terms of the issue OP is asking about. So I suppose it all comes down to what is considered "significant" when it comes to revenue sources in higher education. I would have expected that foreign students were always a pretty significant source, at least since the Reagan years restructured the US economy (and not for the better as far as I'm concerned, although Senator Gore's successful plan to restructure the funding for NSFnet which created the current Internet is obviously something we are all still benefiting from), but this graph certainly argues otherwise. I'd give your comment an award if my personal budget allowed for such an extravagance.
Interesting. That the earliest year I could have entered uni so I’m ignorant of the past
I can't speak for private colleges, but at state institutions, it's because of a lack of funding that has gradually become worse since the 80s and 90s. Since conservative wins in state legislatures have continually resulted in reduced funding for state universities, they have become more and more focused on generating revenue in order to just continue operating and less focused on educating local students. Not sure when the pivot point was exactly, but that's the origin of the issue.
Ever since Higher Education Institutions started focusing on revenue, and needed to diversify revenue streams. This started nationwide in the 1970's when schools started being seen as "better" for having raised more funds, expanded amenities, and increased spending on non-instructional programs (aka football). Ivy league schools have been like this since the 1800's.
Universities are like any other profitable corporation hiding behind a brand. In 2008, there was a surge in the commodification of “professional” credentials, and Ivy League masters programs. Tuition revenue for undergraduate programs are pooled, but Masters degree tuition is usually retained directly by the school or department that runs them, creating a financial incentive to expand them. These programs are A LOT cheaper to run (larger classes taught by adjuncts or other grad students). And many schools took it one step further to maintain high enrollment by reducing the TOEFL score required for admission. Source: I worked at an Ivy League university from 2007-2016
All points. International state always paid out of state yutuin which is easily 2x in state tuition. Thats twice the $$$ for shareholders
So in the 70s, 80s and 90s intl was prominent? I’m not sure.
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That's not true, mostly students from India get assistantships or work illegally to support them. Rather universities pay them.
What?