Colleges Worsen Income Inequality

[Ptarmigan]

Colleges Worsen Income Inequality
http://www.foxbusiness.com/economy-policy/2014/08/25/colleges-worsen-income-inequality/

Tuition gouging for degrees that are useless in the real world and a failed business model have put U.S. colleges front and center as exacerbating income inequality.

Many college students are increasingly getting priced out of getting the very same skills elected officials in Washington, D.C. have strenuously argued are needed to stop rising pay gaps.

Annual private college costs have surged 24% over the last ten years, to $40,917 on average, and are up 37% for public universities, to $18,391, data from the College Board show. At the same time, median U.S. household income has steadily dropped 5.7% from 2003 to 2013.

This one is thought provoking.

Ask yourself: Where is it written in the tax code that a college’s nonprofit status means it should prioritize spending on bling over reducing tuition?

Why are taxpayers, students and their families subsidizing commercial activity at colleges, when these schools get so much federal and state aid on top of tax breaks?

Where are the Congressional hearings into tax breaks meant for colleges operating solely for educational purposes – a mission that is supposed to help solve income inequality?

[Alaska Slim]

Colleges Worsen Income Inequality

Colleges are Middle-class welfare, and what's worse they're pretty bad at it to boot.

Subsidies only help the institutions, not the students. It's the same conflation they make in Primary and Secondary schools, where the needs of the"student" are conflated with the "Teachers Unions".