- Spiral-bound: 47 pages
- Publisher: Oxford Institute Press (March 1, 2005)
- Language: English
- ISBN-10: 0971349827
- ISBN-13: 978-0971349827
- Package Dimensions: 8.3 x 5.5 x 0.5 inches
- Shipping Weight: 3.2 ounces (View shipping rates and policies)
- Average Customer Review: 3 customer reviews
- Amazon Best Sellers Rank: #4,453,235 in Books (See Top 100 in Books)
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The Great American College Tuition Rip-Off Spiral-bound – March 1, 2005
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About the Author
Paul Streitz is a graduate of Hamilton College and the University of Chicago Business School. He was an infantry platoon leader with the 82nd Airborne, Vietnam. He is the co-author of the musicals, Oh, Johnny and Madison Avenue, the subliminal musicals. He is the author of the biography of Shakespeare: OXFORD: Son of Queen Elizabeth I. His next book will be BRING BACK THE JOBS: Why America Must End Free Trade, Stop Outsourcing and Close Our Open Borders.
Excerpt. © Reprinted by permission. All rights reserved.
The financial tactics of modern private education are akin to the rape and run tactics of U.S. mining companies. These companies have historically stripped the land of all the valuable ore and then run from the environmental damage left behind. The citizens of the state and federal funds pay for their short-term horizon and their denial of the secondary effects of their policies.
In a similar fashion, tuitions are set by the colleges based on how much money they can extract from parents and students. There is absolutely no thought about the long-run consequences to the students, the parents or the society. Colleges and universities regularly expect parents will go into long-term debt, such as a second mortgage, to finance their childrens education. This is asset stripping at its worst.
This book will show that the tuitions are not set by the actual cost of an education. Tuitions are set by how much money a college can charge.
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It's rare when any college's annual tuition increase is at or below the rate of inflation (usually they are far above the inflation rate). Colleges know that parents are a captive audience, that they will pay whatever the college decides.
A major culprit is the yearly college listing published by US News and World Report. Among the things they measure is college expenditures, so any thought of cutting spending is forbidden. Heads will roll at a college if it drops in the ratings. Is there any real difference in the quality of education between a Top Ten and a Top Fifty school?
Back at school, the academic requirement that professors must "publish or perish" needs to stop. Most academics will make no real contribution to their field, but they still require the latest in (very expensive) equipment to do their "research." If they do get published, it will be in some obscure journal that no one reads, and that exists only to publish papers. Professors should be hired to just teach.
A large number of clubs or other activities at a school shows that the academic part is not enough to hold a student's attention. Are parents shelling out tens of thousands of dollars a year so their children can get an education or be involved in the Chess Club or Drama Society? There are colleges that focus just on academics, and they are surviving quite nicely. When a wealthy benefactor gives money for a new library or sports building, is the gift enough to cover the entire cost of construction, or is it just enough to start construction, with the school, and the parents paying the rest of the cost?
The author also has nothing good to say about multiculturalism. All points of view, even those that hate America, are to be celebrated, while the achievements of white Americans are denigrated or marginalized. At Hamilton College, a private "elite" school in New York where the author spends most of the book, all of the fraternities were arbitrarily abolished, in the name of "diversity". A person from the outside was chosen to teach a course in the school's brand-new Gender Studies Center. This person just happened to have spent twenty years in prison as part of the Weather Underground. A public outcry forced the canceling of the teaching offer.
This is a very eye-opening book. Read it, and then look at your local college. You might be surprised at what you suddenly see in your own backyard.
Student - University of Connecticut
"the real cost of private colleges hasn't increased in the last two decades-contrary to the conventional wisdom that tuition inflation has priced the most selective schools beyond the reach of middle-class families."