I have a friend who went to trade school and makes more money than I probably ever will 😅 I think everyone deserves the opportunity to go to college, but since that's not the world we live in, most of us have to be practical about it. Going because you need a degree for the job you want makes sense, but going because "it's just what you do" once you finish high school, I mean, unless you just happen to have all that money lying around, it's probably not a good reason to go into lifelong debt.
Some colleges are required to report, at a high level, what their operating budgets look like, and it's interesting. Public k-12 can be "free" because it's built on the assumption that we'll underpay everyone but they are passionate about their job so they'll do it anyway. That fails at the college level. Especially if it's a "full service" college with dorms and cafeterias/restaurants and a dozen different supporting offices (career and international and recruiting etc etc) outside of the 30 different academic departments people expect every college to have. Imagine 100 professors who expect to make 2-3 times what each student is paying in tuition, then another 50 of deans and assistant deans and vice presidents who expect to make the same, then the full time support staff and people in the cafeteria and a small clinic and therapists and people to mow the lawn. Like it's a LOT of salaries to pay, and we all want our college to be paying a living wage and good benefits to the employees. Like, tuition is crazy, but if you look at the budgets for smaller colleges, most of them operate at a loss. The ones that survive had massive donations 50-100 years ago and depend on slowly draining those endowments.
@melonaise maybe its different per state or college, but at mine, a lot of professors didny make that much unless they are tenure. At my college, a lot of my non tenured professors made like 60k-80k. Less if they were assistant professors. In the nearby area rent was 1800-2k, this was pre-covid.
Hi, new kid on the block here, just came across your channel, i think i'll wait for part two before i say anything substantial
I have a friend who went to trade school and makes more money than I probably ever will 😅 I think everyone deserves the opportunity to go to college, but since that's not the world we live in, most of us have to be practical about it. Going because you need a degree for the job you want makes sense, but going because "it's just what you do" once you finish high school, I mean, unless you just happen to have all that money lying around, it's probably not a good reason to go into lifelong debt.
Some colleges are required to report, at a high level, what their operating budgets look like, and it's interesting. Public k-12 can be "free" because it's built on the assumption that we'll underpay everyone but they are passionate about their job so they'll do it anyway. That fails at the college level. Especially if it's a "full service" college with dorms and cafeterias/restaurants and a dozen different supporting offices (career and international and recruiting etc etc) outside of the 30 different academic departments people expect every college to have. Imagine 100 professors who expect to make 2-3 times what each student is paying in tuition, then another 50 of deans and assistant deans and vice presidents who expect to make the same, then the full time support staff and people in the cafeteria and a small clinic and therapists and people to mow the lawn. Like it's a LOT of salaries to pay, and we all want our college to be paying a living wage and good benefits to the employees. Like, tuition is crazy, but if you look at the budgets for smaller colleges, most of them operate at a loss. The ones that survive had massive donations 50-100 years ago and depend on slowly draining those endowments.
@melonaise maybe its different per state or college, but at mine, a lot of professors didny make that much unless they are tenure. At my college, a lot of my non tenured professors made like 60k-80k. Less if they were assistant professors. In the nearby area rent was 1800-2k, this was pre-covid.