Re: United States Politics Thread 46
Posted: Wed Jul 24, 2024 12:38 am
Now you got me curious - how on Earth does that work?
Now you got me curious - how on Earth does that work?
It's known as the "Bennett hypothesis" after Reagan's Secretary of Education, William Bennett, and this is it in a nutshell:Raphael wrote: ↑Wed Jul 24, 2024 12:38 amNow you got me curious - how on Earth does that work?
Source: https://www.mercatus.org/research/polic ... -education.Bennett wrote an op-ed in the New York Times titled “Our Greedy Colleges” in which he argued that, in reaction to increased federal aid, colleges had actually increased tuition costs. This became the basis for what many now term the “Bennett hypothesis.” Bennett was making the case that, contrary to the intentions of well-meaning policymakers, increased federal aid had made college less affordable; and that instead of improving accessibility, colleges had been using the extra revenues from aid to improve their prestige.
In a market economy, the demand for goods and services responds to prices. Government subsidies, which effectively lower the prices of goods or services, inevitably increase demand. Therefore, by subsidizing tuition through federal student aid, the government creates artificially high demand for college degrees, driving tuition prices higher and increasing the overall cost for students and taxpayers. As Bennett hypothesized, if education institutions are receiving greater federal funds and students are still being charged higher tuition and fees, then the educational institutions must be capturing part of the federal aid through increasing tuition.
You might well ask, where is all this tuition money going? Parallel to the situation with corporations, a chunk of it is captured by administrators in the form of larger salaries and increased staffing. But a lot of it goes to improving the "experience" for college students, particularly undergraduates. The biggest private universities are in stiff competition for the most promising students and one of the ways they seek to attract them is by offering more in the way of facilities and services. Talk to people in my parents' generation, and you'll find that their college experience was much more bare-bones than my own, let alone what it's become standard to expect today. US college students expect comfortable housing, varied dining options, sponsored entertainment, and robust support services, from career counseling to mental health care.The evidence broadly suggests that institutions of higher education are capturing need-based federal aid, with private colleges capturing as much as 25 percent of the increases in federal aid through reduced institutional aid. Higher education institutions respond to increased federal aid generosity by reducing institutional aid, so that for each dollar of additional federal aid they receive, students lose between 60 cents and 83 cents of institutional aid, depending on the type of aid and institution. During 2005–2009, colleges that are eligible for federal aid raised tuition by as much as 78 percent more than colleges that are not eligible for federal aid. Overall, increased federal student aid may be responsible for generating a 102 percent increase in tuition during 1987–2010.
this is a shitty argument, but gpt says to me that the laws involved in establishing this financing model (ostensibly the Higher Education Act of 1965, Student Loan Reform Act of 1993, College Cost Reduction and Access Act of 2007, Health Care and Education Reconciliation Act of 2010, Bipartisan Student Loan Certainty Act of 2013, Every Student Succeeds Act of 2015, none of which i know about) are all either bipartisan or democrat laws (prompts here https://pastebin.com/P2zpTanH). one shouldn't believe generative models willy nilly, of course, but they're generally decent at summarization... can our american friends confirm?Linguoboy wrote: ↑Tue Jul 23, 2024 12:34 pm[*] I've seen it argued that it was actually a very deliberate choice on the part of the GOP to keep the college-educated docile by saddling them with debt, but I haven't done due diligence to investigate this. Seems like that approach would eventually backfire, since it would build a resentful underclass, but so far US politicians haven't really lost betting against ordinary citizens' willingness to upset the status quo.
The political bias is suspicious. The hypothesis sounds a bit like a classic libertarian gotcha. Interestingly both authors of the Mercatus study are from the Cato institute.Raphael wrote: ↑Thu Jul 25, 2024 6:33 am Wow, thank you, Linguoboy, that's a really detailed and informative reply! Hm, usually I wouldn't put much stock into what Reagan Administration officials said, especially when they were talking about the evils of government interventions in the markets, but if the guy's hypothesis has really been confirmed by a lot of studies, there's probably something to it.
This refers to Chile apparently introducing free tuition in 2014. The conclusion that free tuition means poor students have more trouble when tuition is free is extremely surprising. That's fine, there are plenty of counter intuitive findings in economics, but frankly this calls for a lot more detail.Mercatus center wrote:These findings demonstrate that, far from achieving increased affordability and accessibility, free college tuition actually pushes college further out of reach for the poorest students, owing to the increased competition for placement.
This sure sounds like giving up on the problem entirely. I've got nothing against vocational education, really... but how often do we hear about upper class kids picking apprenticeships over college education?In addition to analyzing the effectiveness of federal funding of higher education, policymakers should explore why around 70 percent of high school graduates are choosing a college education over vocational education. With increasing costs and stagnating payoffs, this is a serious question. Policymakers should encourage apprenticeships, on-the-job training, and vocational education, supported by changes in federal laws and regulations.
It does make sense that increasing demand will increase prices... though there is also increased supply. E.g. there were about 11 million college students in 1980, 20 million today. And it looks like the number of 4-year universities has increased from 2000 to 3000.
This sounds dubious though. From some quick Googlng, colleges not taking federal aid basically reduces to a very small number of Christian colleges that refuse aid out of right-wing worries about The Gummint. It may well be that they've kept tuition down, but there are likely to be other far more explanatory correlations— small towns, church funding, not top faculty, no expensive labs, no football.Mercatus Center wrote: During 2005–2009, colleges that are eligible for federal aid raised tuition by as much as 78 percent more than colleges that are not eligible for federal aid. Overall, increased federal student aid may be responsible for generating a 102 percent increase in tuition during 1987–2010.
I have a slightly heterodox view here: I think that much of what universities do now, should be moved over to vocational training. In my experience, universities are pretty good at doing research, and pretty terrible at doing other stuff. Similarly, university lecturers are pretty good at training people to do research, but generally aren’t great at training people for other kinds of jobs.Ares Land wrote: ↑Thu Jul 25, 2024 9:07 amThis sure sounds like giving up on the problem entirely. I've got nothing against vocational education, really... but how often do we hear about upper class kids picking apprenticeships over college education?In addition to analyzing the effectiveness of federal funding of higher education, policymakers should explore why around 70 percent of high school graduates are choosing a college education over vocational education. With increasing costs and stagnating payoffs, this is a serious question. Policymakers should encourage apprenticeships, on-the-job training, and vocational education, supported by changes in federal laws and regulations.
Yeah, there's a reason why I didn't quote their conclusions. Despite the axe they're grinding, the first part of the article seems methodologically sound to me.Ares Land wrote: ↑Thu Jul 25, 2024 9:07 amThe political bias is suspicious. The hypothesis sounds a bit like a classic libertarian gotcha. Interestingly both authors of the Mercatus study are from the Cato institute.Raphael wrote: ↑Thu Jul 25, 2024 6:33 am Wow, thank you, Linguoboy, that's a really detailed and informative reply! Hm, usually I wouldn't put much stock into what Reagan Administration officials said, especially when they were talking about the evils of government interventions in the markets, but if the guy's hypothesis has really been confirmed by a lot of studies, there's probably something to it.
Upper class kids barely need an education. They grow up with the sort of connexions and opportunities that middle-class kids need to attend college to access.Ares Land wrote:This sure sounds like giving up on the problem entirely. I've got nothing against vocational education, really... but how often do we hear about upper class kids picking apprenticeships over college education?In addition to analyzing the effectiveness of federal funding of higher education, policymakers should explore why around 70 percent of high school graduates are choosing a college education over vocational education. With increasing costs and stagnating payoffs, this is a serious question. Policymakers should encourage apprenticeships, on-the-job training, and vocational education, supported by changes in federal laws and regulations.
I thought the very same thing. When I heard about his addressing the National Association of Black Journalists and what went down, I thought "what was his campaign thinking?"Linguoboy wrote: ↑Wed Jul 31, 2024 5:23 pm I can't make heads or tails of Trump's decision to address the National Association of Black Journalists today at their annual convention in Chicago. It's the worst kind of format for him: a panel discussion where he's being fact-checked in real time. Most of the crowd was hostile to begin with--the co-chair even stepped down over the decision--and he only antagonised them by making wildly false statements and attacking the moderators, especially senior congressional correspondent Rachel Scott.
Generally when demagogues confront hostile audiences, it's so they can film the resulting clash and cherrypick the footage to create videos with titles like "Conservative politician DESTROYS liberal cuck". But it's hard to see how Trump could get any good soundbites out of this kind of event. Successful Black professionals are absolute masters at keeping their calm in these sorts of situations, so they not going to give the kinds of "unreasonable" reactions that get alt-righters so wet, and there's no way he's going to successfully play "gotcha" with actual journalists.
I just can't fathom who made the decision to go ahead with this and what his campaign thinks it will gain from it.
I'm similarly happy about that.
Yeah, I have mixed feelings about it to be sure. After all, I grew up being called "weird" and only turned a corner when I learned to embrace the label. But someone on the nets made an observation about people who were "good weird" being able to tell the difference between being called "good weird" and "bad weird" whereas those people who are "bad weird" can't, which I think is broadly true. You can't hurt me by calling me "weird" because I'd much rather be this kind of weirdo than be what you call "normal".
I really like how this pulls no punches, for a change.Just check out this new ad from an outfit calling itself "Won't PAC Down": https://www.youtube.com/watch?v=vP5Gx18D4-c.