politicalprof
politicalprof:

theatlantic:


Why Are College Textbooks So Absurdly Expensive?


You thought the rising cost of college tuition was bad? Then check out the rising cost of college textbooks. The American Enterprise Institute’s Mark Perry has put together this chart showing the egregious, 812 percent rise in the cost of course materials since 1978, as captured in the Bureau of Labor Statistics’s consumer price index data. The price of all those Intro to Sociology and Calculus books have shot up faster than health-care, home prices, and, of course, inflation.
Read more.




Politicalprof: God I hate these “analyses.”
Speaking as an actual professor with 22 1/2 years of experience in this matter:
1. I ALWAYS CONSIDER THE PRICE OF A TEXT. So does pretty much everyone else I know. The “the professors don’t think about price” comment is both tired and intellectually lazy.
2. I HAVE NEVER BUNDLED A TEXT TO SOFTWARE OR SUPPLEMENTS. I know that’s a game, too. Bundles are not why prices go up.
3. THESE PIECES NEVER DISCUSS THE USED BOOK MARKET IN A REAL WAY. As a simple fact, the used book market means that the sales cycle of any new book today is all of one semester. After that, the book is in the used book market (even without evil bundles), and neither the author nor the publisher sees another penny. So publishers (and trust me, it’s the publishers who push this) act “rationally” and jack their prices up every new edition, all while pumping out new editions as fast as possible. Books used to have sales cycles of several years. Now they have sales cycles of one semester. 
Ironically, then, the act students take to save money (selling and buying used books) drives the cost of books ever upwards.
This is economics, people, not speculation. It may lead to books pricing themselves out of a market, or, more likely, to the emergence of lower-cost alternatives. (As an aside, when I discussed a FREE online alternative with my class, they admitted they basically never use e-books, so I don’t think that’s a real alternative yet.) But it’s why prices go up, not mystery bundles.
Are textbook prices a problem? Yes. But to fix the problem one needs to understand it, and dumb analyses like these in no way lend themselves to understanding or solving the problem.

politicalprof:

theatlantic:

Why Are College Textbooks So Absurdly Expensive?

You thought the rising cost of college tuition was bad? Then check out the rising cost of college textbooks. The American Enterprise Institute’s Mark Perry has put together this chart showing the egregious, 812 percent rise in the cost of course materials since 1978, as captured in the Bureau of Labor Statistics’s consumer price index data. The price of all those Intro to Sociology and Calculus books have shot up faster than health-care, home prices, and, of course, inflation.

Read more.

Politicalprof: God I hate these “analyses.”

Speaking as an actual professor with 22 1/2 years of experience in this matter:

1. I ALWAYS CONSIDER THE PRICE OF A TEXT. So does pretty much everyone else I know. The “the professors don’t think about price” comment is both tired and intellectually lazy.

2. I HAVE NEVER BUNDLED A TEXT TO SOFTWARE OR SUPPLEMENTS. I know that’s a game, too. Bundles are not why prices go up.

3. THESE PIECES NEVER DISCUSS THE USED BOOK MARKET IN A REAL WAY. As a simple fact, the used book market means that the sales cycle of any new book today is all of one semester. After that, the book is in the used book market (even without evil bundles), and neither the author nor the publisher sees another penny. So publishers (and trust me, it’s the publishers who push this) act “rationally” and jack their prices up every new edition, all while pumping out new editions as fast as possible. Books used to have sales cycles of several years. Now they have sales cycles of one semester. 

Ironically, then, the act students take to save money (selling and buying used books) drives the cost of books ever upwards.

This is economics, people, not speculation. It may lead to books pricing themselves out of a market, or, more likely, to the emergence of lower-cost alternatives. (As an aside, when I discussed a FREE online alternative with my class, they admitted they basically never use e-books, so I don’t think that’s a real alternative yet.) But it’s why prices go up, not mystery bundles.

Are textbook prices a problem? Yes. But to fix the problem one needs to understand it, and dumb analyses like these in no way lend themselves to understanding or solving the problem.

seriouslyamerica

seriouslyamerica:

Bradley University, Ill.: Romney says people should vote “for the other guy” if they want “free stuff” like female contraception.

I guess Romney doesn’t understand rule number one about college: FREE STUFF IS KING. Seriously - if you want people to show at your event, you offer free food, or free t-shirts, or something that is free. COLLEGE KIDS WANT “FREE STUFF” ESPECIALLY CONTRACEPTION.

So, to re-cap, Mitt Romney is against everything college kids hold dear: free stuff and the ability to have sex without fear of pregnancy. Good work, Mittens.

abokononist-deactivated20120714

To continue his campaign, he said, “We’re living basically spending down our savings. Not necessarily the best thing to do when you have three kids entering into college the next couple of years.  But this country is worth it.”

Earlier this month, Santorum called Obama a “snob” for policies aimed at making college more affordable.

abokononist-deactivated20120714

truth-has-a-liberal-bias:

From MSNBC:

“Students at Arizona’s three state universities will have to pay — or borrow — at least $2,000 a year to get an education under terms of legislation approved by a House panel today.

Rep. John Kavanagh, R-Fountain Hills, said students should have some “skin in the game.” He said students will take their schooling more seriously and be less likely to drop out if they have made an investment.

“I really believe that when something is given to you, you don’t have the appreciation of having put in some work,” agreed Rep. John Fillmore, R-Apache Junction.

He said $2,000 out of $9,000 annual tuition is not that big a deal. Even with books and fees, Kavanagh said that adds only another $1,500 a year.

Kavanagh said that would leave students with $14,000 debt after four years, “less than the cost of a Chevy Sonic.”

“And I personally believe that degrees from our universities are worth far more than Chevy Sonics,” he said. Anyway, Kavanagh said that is a small amount, as college grads earn anywhere from $500,000 to $1 million more over their lifetimes than those who do not have a higher education.

The vote came despite objections from students who said there are expenses beyond tuition. Room and board aside, they said they are forced to pay for gasoline, insurance and parking.

Welcome to life,” Rep. Michelle Ugenti, R-Scottsdale, told the students.
“I don’t understand why that should affect a modest $2,000 for your education,” Ugenti continued. “We all are thrust into circumstances and unpredictable life experiences.” […]

Is there a Republican in office anywhere in the United States in the year 2012 who is not an absolute jerk? These people just ooze with contempt. If you’d like to make your voice heard on this issue, you may do so here:

http://www.change.org/petitions/the-arizona-panel-dont-add-2000-more-to-tuition-at-az-universities

It’s a petition started by Tumblr member dobbaaa.

Even if you don’t live in AZ, please sign. Things that suck sometimes start in one state & spread to another. The Republicans test-drive these horrible ideas in one state to see if they can get away with it.

Please sign. Thank You.

pantslessprogressive
pantslessprogressive:

“President Obama once said he wants everybody in America to go to college. What a snob.” - Rick Santorum, in Troy, MI Saturday (h/t washingtonpoststyle)
Above, unemployment rates from the most recent Bureau of Labor Statistics report.
The Wall Street Journal elaborates:

Some 1.8 million more college graduates have found work since January 2010, when the recovery began producing jobs, but about 128,000 high-school dropouts lost work in the same period, according to the Labor Department’s Bureau of Labor Statistics.
Less than 40% of the 25 million Americans over age 25 who lack a high-school diploma are employed. And those who are working don’t earn much. High-school dropouts earn about $23,400 on average, compared with $33,500 for those with a college degree.

The only snob here is the one who is too demagogic (pardon the Newtism) to acknowledge the positive effects of a college education.

pantslessprogressive:

“President Obama once said he wants everybody in America to go to college. What a snob.” - Rick Santorum, in Troy, MI Saturday (h/t washingtonpoststyle)

Above, unemployment rates from the most recent Bureau of Labor Statistics report.

The Wall Street Journal elaborates:

Some 1.8 million more college graduates have found work since January 2010, when the recovery began producing jobs, but about 128,000 high-school dropouts lost work in the same period, according to the Labor Department’s Bureau of Labor Statistics.

Less than 40% of the 25 million Americans over age 25 who lack a high-school diploma are employed. And those who are working don’t earn much. High-school dropouts earn about $23,400 on average, compared with $33,500 for those with a college degree.

The only snob here is the one who is too demagogic (pardon the Newtism) to acknowledge the positive effects of a college education.

abokononist-deactivated20120714

somepolitics:

Republican presidential candidate Rick Santorum said Wednesday that “the left” uses universities to indoctrinate young people for the purpose of “holding and maintaining power.”

After saying “we’ve lost, unfortunately, our entertainment industry,” Santorum told a Naples, Florida, audience that “we’ve lost our higher education, that was the first to go a long time ago.”

“It’s no wonder President Obama wants every kid to go to college,” said the former Pennsylvania senator. “The indoctrination that occurs in American universities is one of the keys to the left holding and maintaining power in America. And it is indoctrination. If it was the other way around, the ACLU would be out there making sure that there wasn’t one penny of government dollars going to colleges and universities, right?”

He continued: “If they taught Judeo-Christian principles in those colleges and universities, they would be stripped of every dollar. If they teach radical secular ideology, they get all the government support that they can possibly give them. Because you know 62 percent of children who enter college with a faith conviction leave without it.”

Santorum went on to encourage his audience not to “give money” to colleges and universities that he said are causing harm to the country.

“I’ll bet you there are people in this room who give money to colleges and universities who are undermining the very principles of our country every single day by indoctrinating kids with left-wing ideology,” he said. “And you continue to give to these colleges and universities. Let me have a suggestion: Stop it.”

Santorum said at the same event that he is leaving the Florida campaign trail this weekend - ahead of the state’s January 31 primary - to go home and retrieve his tax returns, so he can release them. 

A new CNN/Time/ORC International poll showed Santorum at 11 percent in the Sunshine State, far behind rivals Mitt Romney and Newt Gingrich. 

The bold part is my doing.

Yes, Santorum. Because that’s all that is taught at college: Secular ideology. Because I’m definitely not taking physics, calculus, economics, and other courses that have nothing to do with religion or government at all. 

See, this is what I hate about people like him. Those guys who think that if things aren’t being taught one way, it’s being refocused the other way. Theology classes exist for a reason. The fact that I don’t learn about religion in every single one of my classes is not a big conspiracy to eliminate religion from existing, it’s simply because it has nothing to do with a lot of subjects. Not to mention there are colleges out there who put a focus on religion along with studies like Baylor University and Brigham Young University. 

I see this as nothing more than an attempt to demonize college and higher education because it teaches people to think critically. If you can turn people against higher education, it’s only a matter of time before they destroy themselves. The grade school system has already been destroyed with the use of standardized testing. College is a pretty life-changing step for a lot of people; turning them against the idea is only going to hurt them. But it will do exactly what a lot of politicians want: Making everyone a dispensable, mindless cog in the machine.

kileyrae
kileyrae:

Here I was telling myself, “No, Kiley, you’re not signing up for French. You’ll hate yourself next semester. Don’t overdo it.” (Yeah, I have conversations with myself like that, love it) And then I realized that if I learned French I could read Dumas and Hugo in their original language. Obviously not right away, but still…. Why do I do this to myself?

I’m amazed…I’ve read translations of two of the three titles here. Amazed because I’m not much of a classic literature type of reader. 

kileyrae:

Here I was telling myself, “No, Kiley, you’re not signing up for French. You’ll hate yourself next semester. Don’t overdo it.” (Yeah, I have conversations with myself like that, love it) And then I realized that if I learned French I could read Dumas and Hugo in their original language. Obviously not right away, but still…. Why do I do this to myself?

I’m amazed…I’ve read translations of two of the three titles here. Amazed because I’m not much of a classic literature type of reader. 

virtualephemera

virtualephemera:

think4yourself:

kileyrae:

Awesome.

I wonder if this is mostly private student loan & credit card debt…as far as I know, federal student loan debt cannot be discharged under current bankruptcy law.

Private student loan debt also cannot be discharged. It’s the absolute worst kind of predatory lending.

If the above is the case, I’m wondering what, if any, benefits bankruptcy would provide for these graduates…the bankruptcy would kill any credit rating and for what…no relief in regard to the biggest part of their debt?

I know my monthly student loan payments are second in size only to my mortgage…actually take out the escrow portion of my mortgage payment, and my student loan payments exceed the principal + interest payment of the mortgage.

pantslessprogressive
pantslessprogressive:

U.S. student loan debt has increased by 25% since 2008, according to the Federal Reserve Bank of New York.
From Justin Lahart:

 
Mortgage debt, home equity loans, credit card debt and auto loans are all down sharply — partly because people are being more careful, but also because many have defaulted.
But student loans are up sharply. There was $550 billion in student debt outstanding in the second quarter, up 25% from $440 billion in the third quarter of 2008.

pantslessprogressive:

U.S. student loan debt has increased by 25% since 2008, according to the Federal Reserve Bank of New York.

From Justin Lahart:

Mortgage debt, home equity loans, credit card debt and auto loans are all down sharply — partly because people are being more careful, but also because many have defaulted.

But student loans are up sharply. There was $550 billion in student debt outstanding in the second quarter, up 25% from $440 billion in the third quarter of 2008.

liberal-life-deactivated2011110

FAQ For Students: Rapture Edition

liberal-life:

One professor apparently made a FAQ for his students regarding the impending rapture. I wish some of my professors had such a great sense of humor.

Q: With the rapture coming, should I bother working on my final paper?
A: Yes. The odds are you will not be judged worthy of ascent to heaven, in which case your grades will still be a basis of judgment for rewards in this earthly sphere.

Q: What if my instructor is raptured?
A: None of our instructors bear much chance of being judged worthy. However, on the off chance your instructor is chosen, an army of unemployed secular Marxists is waiting to take his/her place.

Q: If my mother/father/grandfather/grandmother/favorite aunt/etc. is chosen, will I be excused from the final so that I may mourn his/her loss?
A: No. They have not died, but been granted eternal life, thus this does not count as a case of a death in the family.

Q: If my instructor is not raptured, is he really fit to judge me?
A: Yes, seeing as you were not raptured, you are still subject to the earthly judgment of the unsaved. If/when you are redeemed, a change of grade form will be automatically processed by heavenly authorities if they decide your grade was unfairly given by one of the damned.

Q: If my computer crashes and my printer breaks and there is no email on account of the rapture, will I be able to get an extension on the paper?
A: Everyone in tech and IT departments is of Satan’s party, so the internet, your computer, and your printer should continue to work the way they always have: sporadically.

Q: How will the rapture affect your curving, particularly if raptured students are exempt from final tests/papers?
A: Final grades are not curved, but students who are taken up in the rapture will be given incompletes, just in case.

(Via: Exploring Our Matrix)