tag:blogger.com,1999:blog-10348701.post3865505074176562686..comments2024-03-13T21:26:03.011-07:00Comments on Right on the Left Coast: Views From a Conservative Teacher: A New Funding Model For Universities?Darrenhttp://www.blogger.com/profile/15730642770935985796noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-10348701.post-10358399518046138402012-02-04T19:15:29.390-08:002012-02-04T19:15:29.390-08:00There's actually a really nice model for fundi...There's actually a really nice model for funding universities. It's called Europe .... or America up until about ten years ago.mmazenkohttps://www.blogger.com/profile/06602797515366983639noreply@blogger.comtag:blogger.com,1999:blog-10348701.post-68657075653154553412012-02-04T11:33:45.075-08:002012-02-04T11:33:45.075-08:00Exactly. The incentives are in all the wrong plac...Exactly. The incentives are in all the wrong places.Darrenhttps://www.blogger.com/profile/15730642770935985796noreply@blogger.comtag:blogger.com,1999:blog-10348701.post-722832515666217262012-02-04T11:21:09.910-08:002012-02-04T11:21:09.910-08:00Two big problems with this scheme are:
(1) The ki...Two big problems with this scheme are:<br /><br />(1) The kids expecting to get higher paying jobs (e.g. engineering) will be inclined to get normal loans rather than sign up to turn over what is essentially one year's pay. The kids who expect low paying jobs will take the deal. This may not work out financially for the university.<br /><br />(2) It creates an interesting extra incentive for the second income earner in a family to stay home with the kids. My wife *already* decided to do this after we had our child. Her calculation was that it wasn't worth working for what she would make after paying taxes at my/our marginal rate and then paying for private school plus after school care [she votes Democrat, but won't let our local public schools anywhere near her child. This isn't very fair to the local schools as they are actually okay]. This scheme creates the same incentive as an additional 5% tax ... but only on the person with the 'loan'. Working gets more expensive and staying at home gets cheaper. This also won't help the university financially -- in my wife's case they would have collected 5% of her paycheck for about three years, then nothing.<br /><br />I like the idea of (a) having the university have some skin in the game, and (b) letting the kids hedge/insure the cost of their education against their future earnings. I just don't think it will work.<br /><br />-Mark RouloAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-10348701.post-49017069593007632702012-02-03T19:51:48.986-08:002012-02-03T19:51:48.986-08:00And if they are a "Intercultural Studies"...And if they are a "Intercultural Studies" major, or "Film History" major, 5% of zero is still zero. It's ludicrous.Left Coast Refnoreply@blogger.com