Studying pays off, writes the Atlantic, and publishes this graphic showing the trend of American advanced, college and high school graduates remunerations.
Many American families, due to the increases of tuitions and expenses, cannot afford the investment, estimated at $ 102,000 on average over four years (including registration fees and loss of earnings). The debt of honor, the loans that students get and repay with post-graduate salaries have grown and also amounted to an average of $ 26,000.
As Enrico Moretti writes in his book taxes have risen a great deal in U.S. since 1980: at Yale from 6210 to 40,500 $ in 2011, at Berkeley from 776 to 13,500 $. The result is that the number of graduates, having grown a lot in the '50s and '60s, has slowed and between 1980 and today has gone from 22 to 26%. A share insufficient to cover the sharp increase in demand of U.S. economy, covered with immigrated students and graduates.
The NY Times today writes that Obama intends to intervene by changing the mechanisms of federal subsidies: the universities will be measured and selected on different parameters: tuition, graduation rates, debt and earnings of graduates, and the percentage of lower-income students who attend. In addition, the funding would be stretched out over the semester, also based on the results obtained, and not all at once at the beginning of the semester.
The tuition fees grow as a result of the increase in salaries and pensions for staff, but also for the cost of updating technologies and services.
The universities compete by trying to acquire the most prestigious teachers, but it becomes important to provide tutoring services during the courses and, above all, support services, job placement of graduates. This happens if the university promotes outside its activities, builds relationships with the community, especially with businesses.
The ivory tower, if it ever made sense, it's far away from the actual society needs.