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Wednesday, December 4. 2013

Oregon's Legislature is kicking around concepts that would make college free

I want free piano lessons and free painting lessons. Can I get that?

Related: The college-for-all model isn't working - After years of disfavor, vocational
education is being transformed for young people seeking jobs that
require more than high school but less than college.

The Maggie's Farm staff tends to believe in apprenticeships for almost everything that is work-related.

Posted by The Barrister in Hot News & Misc. Short Subjects, Our Essays at 16:27 | Comments (11) | Trackbacks (0)

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The pay it forward model is the correct one. It most closely aligns the goals of students and the institution. The students want to earn high wages. The institution wants to produce people that can earn high wages. Students that do not show the potential to earn high wages will be removed, as they are a waste of money, and degrees that do not earn high wages will be reduced/eliminated.

#1 epv on 2013-12-04 17:02 (Reply)

I disagree with the entire notion of higher ed as investment.

#1.1 Bird Dog on 2013-12-04 17:06 (Reply)

Call it what it is, the Pay-It-Forward model is a Ponzi scheme. Like Social Security, it is a scam, and like Social Security it is financially unsustainable. In this instance the current taxpayers of Oregon foot the bill for a college student and then they just hope and pray that as time passes the State eventually gets to recover a fraction of the cost of that education...being repaid with cheap inflated dollars at that. Do the math for a typical (?) college graduate: 20 years x 3% x $50K average salary (which may be high?) = $30K. Is that what 4 years at a really good school costs these days, or will cost 20 years from now? I could be wrong, but I think that's too low a figure.

#1.2 Agent Cooper on 2013-12-04 22:56 (Reply)

sounds nice in theory, but if the "education" you get costs $100k a year for 4 years, you have to pay back $20k a year over that 20 year period (even without interest charged).
Given that the proposal indicates 3-5% of your income charged per year, even at its peak that means they expect the lowest earning college dropout to earn an income of at least $400k a year.

Slightly unrealistic, to say the least.

#1.3 J.T. Wenting on 2013-12-05 00:05 (Reply)

You are assuming the college has some skin in the game. I assume the funding will come from the state, to be "paid forward" to the state. Colleges get the revenue as a pass-through. For them, the more students, the better, regardless of performance.

#1.4 janeg on 2013-12-05 13:04 (Reply)

There's a lot of majors with high income potential that have no real need to be in a college environment:
- nursing
- accounting
- all business management related studies (marketing, etc.)

#2 phil g on 2013-12-04 17:42 (Reply)

Patient: Doctor, will I be able to play the piano now that I've had this operation?

Doctor: Why, yes, you will!

Patient: That's great, Doctor! I couldn't play at all before!

old joke, sorry. maybe ObamaCare has a piano provision.

#3 twolaneflash on 2013-12-04 18:12 (Reply)

With 1/3 either not graduating with their high school class or at all, Oregon is putting the cart before the horse.

Then there is what to do with all these degreed individuals, seasonal farm help requiring an associate degree, crossing guards a BS with dual majors in law enforcement and traffic management?

On the whole, this sounds like another solution from the little boy with the hammer who sees nails everywhere.

#4 walt moffett on 2013-12-04 19:46 (Reply)

oh, they just lower the admission requirements for college to not include a highschool diploma.
After all, college is now a right, so can't exclude people simply for not having the right paperwork...

#4.1 J.T. Wenting on 2013-12-05 06:24 (Reply)

college is the new high school only a lot more expensive

#4.1.1 phil g on 2013-12-05 09:31 (Reply)

I live in Oregon and can tell you we are in the evil clutches of liberals. This is paying off unions nothing more and nothing less. More community college teachers and staff equals more union members and that means more liberal voters.

#5 GoneWithTheWind on 2013-12-04 19:58 (Reply)

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Wednesday, December 4. 2013

Free college?