Showing posts with label financial aid. Show all posts
Showing posts with label financial aid. Show all posts

And now, back to our program...

Thanks to A. of Pop Tart fame, a few more tales of academic woe: professors unable to make it on their salaries. Not a new theme here - in fact, it's the theme that got us going - but the cases here are particularly distressing to hear about because they do a better job of giving real numbers.

It's interesting, sad and frightening to hear that average wages for professors have only come up .25% - yeah, you're reading that right - over the last 20 years when inflation is accounted for. There are very few careers that can match (and obviously, people in those careers should be glad they don't) that atrocious number. What the article doesn't discuss as it offers these tales is what the average cost of education is. According to the National Center for Education Statistics, the average student at a publicly funded school has $13,000 per year to cover for school attendance (note that doesn't include actual living expenses), which means just educational costs for someone getting a 4 year Bachelor's, a 2 year masters, and a 4 year Ph.D. would run $130,000 before they paid for food, rent, etc. The other interesting point in those stories is the number of times people were able to go to their families for help. I do wonder what happens to those students who don't have parents who can give them $100,000?

I've not gone so far as to work a second job, though I've considered it (teaching a 4/4, I'm not sure how it would work), I've not done it. And one thing I have decided is that if I can't find a job that puts me in a better position, then it won't be long before I have to leave this career behind.

Check, please...

Back to the education beat: this article in the New York Times detailing the rapid growth of the fee sends a pretty interesting warning to colleges and to students. Anyone who has been in school in the last decade has been victim to the university created fee (yes, it's more apparent at publicly supported schools, but don't mistake easy visibility as a symptom).

It's good to hear that students striking back. Transparency wouldn't be a bad idea here. Imagine going out to dinner and finding a $1 chair fee tacked on to the bill. But as a solution, that doesn't go far enough. The increasing privatization of education seems to have not only turned down this road years ago but to have strapped a brick to the gas pedal. Consider the evidence together: financial aid scandals where schools are taking money to steer students towards high cost private loans, a sort of payola scandal to help with high -cost study-abroad programs, and renewed distress at ever growing fees.

I'm reminded of those discussions and charts that show what funds for the war could have done if spent on other things (here's one if you're curious). While I don't want to mire this down in that discussion, all of these symptomatic financial problems beg the question: what would happen if we Valued (capital V intentional) education the way we all say we do during election years?fin