October 30, 2011

HIGHER EDUCATION BUBBLE UPDATE: The $10,000 College Degree: Rick Perry’s $10,000 degree plan is just one option to obtain an inexpensive education.

Given the #Occupy protests’ focus on student debt, and all the other higher education bubble talk lately, it’s odd that Perry’s reform proposal has gotten so little attention.

UPDATE: A reader emails:

Without saying where I work.

I passed this to my Dean some time ago and he dismissed with “you get what you pay for”. My reaction was no you don’t but that is the attitude. It is a business and not one truly interested in educating.

My University is a state research university and so they are interested in research to the exclusion of teaching.

Producers are sometimes interested in finding ways to reduce costs, but seldom interested in finding ways to reduce prices.