USA public university education costs have risen to 300% to 400% over a 20 year period with most of that costs made up of these trends:
-US states cutting education funding
-us public colleges increasing enrollment of non state
citizens both US and World to replace funding
-US fed government increasing loan limits that students
can borrow under
-US public universities increasing the use of grad students as the major instructor both first and second year
students see teaching classes.
-US public universities increasing funding of non-university expenditures such as sports which the NHL, NFL, NBA, etc use a free farm team without paying for it despite not a single program breaking even.
No matter what Petter Thiel believes are it is somewhat factual that US college education is somewhat broken as a public institute for the public good is somewhat broken.
And Thiel is basing his system on certain past models that have worked before. If you go back to the industrial age we did in the USA have certain industrialists that would pick out young people to train in business. Thiel is just re-inventing for the modern era.
"In the past 30 years, private-college tuition and fees have increased, in constant 2010 dollars, from $9,500 a year to more than $27,000. Public-college tuition has increased from $2,100 to $7,600. Fifteen years ago, the average student debt at graduation was around $12,700; in 2009, it was $24,000. Over the past quarter-century, the total cost of higher education has grown by 440 percent."
"The cost of college in the past 30 years has gone up tenfold. Health care has only gone up sixfold, and inflation has only gone up threefold. Not only is it a scam, but the college presidents know it. That’s why they keep raising tuition." -James Altucher
USA public university education costs have risen to 300% to 400% over a 20 year period with most of that costs made up of these trends:
students see teaching classes. -US public universities increasing funding of non-university expenditures such as sports which the NHL, NFL, NBA, etc use a free farm team without paying for it despite not a single program breaking even.No matter what Petter Thiel believes are it is somewhat factual that US college education is somewhat broken as a public institute for the public good is somewhat broken.
And Thiel is basing his system on certain past models that have worked before. If you go back to the industrial age we did in the USA have certain industrialists that would pick out young people to train in business. Thiel is just re-inventing for the modern era.