Archive for Wednesday, May 18, 2011

KU proposes tuition increases for 2011-12 school year

May 18, 2011, 2:22 p.m. Updated May 18, 2011, 5:27 p.m.

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— The price of an education at Kansas University and all the regents schools would go up this fall semester under a proposal before the Kansas Board of Regents.

KU has proposed increasing tuition and required fees from $4,012 to $4,234, a $222 or 5.5 percent increase for an undergraduate taking 15 hours. The tuition for a non-Kansas resident would increase from $9,504 to $10,179, a $675 increase or 7.1 percent.

Graduate students would face a 5.5 percent increase for residents and 5.9 percent for non-residents.

Tuition and fees under the KU Compact -- first-time, degree-seeking freshman -- which would be fixed for four years would increase from $4,366 to $4,611, or $245, which is a 5.6 percent increase. Non-resident students would see an increase from $10,769 to $11,304, or 5 percent.

The regents will hear the proposals on Thursday and vote on them in June.

KU Chancellor Bernadette Gray-Little said the increases are driven by budget cuts and demand from students to continue to improve the university.

“Students are very much in favor of trying to maintain excellence,” Gray-Little said.

Students at KU Medical Center would see a 4.9 percent increase.

Because of the KU Compact, 65 percent of returning undergraduates would have no tuition increase, according to KU officials.

The increased tuition and fees would generate approximately $14 million in additional revenue, according to a memo from KU submitted to the regents.

The additional revenue would go toward retaining faculty and staff, covering mandated cost increases and increasing the availability of high-demand classes.

“We are facing a growing crisis when it comes to retaining excellent employees,” said Gray-Little. “Private university endowments have recovered, giving them and public universities in faster-growing states the ability to recruit away our top faculty members. If we are going to give our students the high-quality education they expect, we must be able to compete.”

All the regents schools were seeking increases. For a resident undergraduate, the increase at Kansas State would be 3.8 percent; Wichita State, 5.1 percent; Emporia State, 6.8 percent; Pittsburg State, 6.5 percent; and Fort Hays State, 3.6 percent.

Comments

ksarmychick 4 years, 2 months ago

“KU students made it clear that they want to work with top instructors and have the learning opportunities available only at a research university. They tell us they and their families are willing to pay a little more if it means getting the quality they expect.” ha ha ha ha ha ha ha ha ha ha-really?!?!?!?!
As a KU student, I think that the university is already over charging students. $1000 for a 3 credit hour class (plus fees/books) that are taught by other students and/or have 1000 students enrolled is a bit much. I am NOT willing to pay more. Chancellor Bernadette Gray-Little needs to get out a little more and wake up to the real world. I can't name one student that wants to give KU any more money.

jhawk0097 4 years, 2 months ago

20 years ago you could have taken 20 hours for a little over a grand.

Danielle Brunin 4 years, 2 months ago

I found a tuition statement when I was going through documents last weekend. In 2002, I was able to take 18 hours and including fees, paid just over $2000 for in-state tuition. At the time, I thought that was ridiculous! I really wonder if college is worth it anymore. :(

William Weissbeck 4 years, 2 months ago

In 1975 tuition was $250, and they bought back most of your books. Law school in '79 was $450. The frat was around $135/M. We had a ton of kids from Chicago and St. Louis because out of state tuition was highly competitive and they weren't charged more for 20 hours to get a double major. Of course back then we had a Republican governor who stopped by the Hawk and the Wheel to have a beer. Check it out, the pic was in the UDK.

RKLOG 4 years, 2 months ago

Our department at KU has lost half of it staff and it's very difficult to get the current staff to remember that students are there to learn and grow and get jobs when they graduate. If we pay more next year, there better be some new staff as promised or I'm cutting my losses and going to another school to finish my education...

SnakeFist 4 years, 2 months ago

“Students are active partners in our university and were closely involved in the drafting of this plan...KU students made it clear that they want to work with top instructors and have the learning opportunities available only at a research university. They tell us they and their families are willing to pay a little more if it means getting the quality they expect.”

This is the same ridiculous lie they use every time they raise tuition or add another fee. I wish the JW would investigate this - which students were involved, how many were polled, who said they want to "pay a little more?"

Beth Bird 4 years, 2 months ago

7% increase?!? Holy camolie!! This is a STATE school - it is supposed to be more inexpensive than a private.....

question4u 4 years, 2 months ago

Unfortunately, it IS less expensive than private schools in Kansas. US News and World Report lists KU in-state tuition as $8,732. Bethany College in Lindsborg is $20,026. Friends University in Wichita is $20,040. Baker University is $22,280. State support accounts for a significance difference in tuition, but as that support drops the cost of tuition at KU will go up. There is still a lot of room to increase before KU tuition gets even close to the levels at private schools.

ksarmychick 4 years, 2 months ago

Washburn is charging $207 credit hour...

kuprof54 4 years, 2 months ago

Why doesn't Bernie quit issuing statements from her ivory tower and face the public on this? Talk to reporters and talk about the process in which students were supposedly involved. How many students? Were they steamrolled in some "exploratory committee?" Was it student senate members? If she's so confident about student input and that this is the right thing to do, then should we gladly and openly talk about it. Stop hiding BGL and show leadership. Oh wait.........

Bob Forer 4 years, 2 months ago

Darn, thats a lot of money for most folks. When I attended in the mid-seventies, tuition was around $300 a semester. That's about a 14-fold increase. Sure, we have to account for inflation, but it hasn't been that high.

yourworstnightmare 4 years, 2 months ago

Don't forget to figure in the per-student inflation adjusted state support, which is at all-time low levels. Also the resources the university expends to deal with laws and regulations such as equal opportunity, human resources, ADA, EPA, etc., which are relatively recent things.

Also consider the cost of energy and construction, as well as updated instructional tools (computers, cutting-edge lab equipment, computer networking, etc.) A lot of these services did not exist in the 1970s.

It is expensive to deliver a modern education, and getting more so every day. Yes, increased tuition is not pleasant, but it is necessary.

Private colleges in the area charge $20,000+ because of this. As pointed out in another post, KU is nowhere close to private university tuition.

jhawk0097 4 years, 2 months ago

A computer-based education isn't necessarily a better one. We're getting our asses kicked while spending more money.

yourworstnightmare 4 years, 2 months ago

I'm talking about high speed internet access, cable tv in the dorms, wireless access, etc. The wired life on campus, not necessarily computer learning.

Raju Ahmed 4 years, 2 months ago

The new counselor Bernadette is not doing a good job by taking all our money and filling her pocket. KU Engineering building just received a huge donation. KU basketball did not win for last two years. Why do they need all these money? Are they opening a strip mall on the campus. I think we all should walk for a rally on campus to stop this violence. I call it a violence, because it is nothing but robbing us openly. Lawrencians, please, wake up.

Eddie Muñoz 4 years, 2 months ago

Robbing you? So willing giving someone your money is robbery now?

yourworstnightmare 4 years, 2 months ago

A university education costs money, and even with this increase, this tuition is not close to what it actually costs. This is why private universities charge $20,000+ per year.

It ain't free, folks. And with state support dwindling to historically low per-student levels, the only choice the university has is to raise tuition.

There is no free ride. Less state support means higher tuition, plain and simple.

guesswho 4 years, 2 months ago

Realize that it isn't about keeping up with inflation, but state support to universities has declined significantly over the last few decades. Raising tuition has been the answer to make up for that loss in revenue.

Raju Ahmed 4 years, 2 months ago

Also, I think International students should stop applying for this school when INS makes this such hard for them that first of all they cannot work more than 20 hours a week at school because of being non-citizenship status. While they are paying usually more money than any other students, but not getting all benefits like other students. No wonder, few students leave KU out of frustration, and try to work illegally off campus. As a result, they are out of status, and ruin their own life. I am not satisfied with the whole agenda, and policy.

Now a days, it is not fun anymore to gain knowledge. All the time, we have to remember the pressure of learning something we do not want because of paying non-necessary fees. I guarantee you if students from Middle-East and East Asian rich family members stop applying for KU, it will suffer greatly in the future. If KU charges huge fees for attending school, it should give equal rights to non-resident US, and International students, who are paying same amount of money.

If we do not stop this act, someday you will have to pay not $10,000 per semester, but $50,000/ $80,000 per semester. The future is in your hand. Please help us change it. Thanks for reading.

Sigmund 4 years, 2 months ago

"KU has proposed increasing tuition and required fees from $4,012 to $4,234, a $222 or 5.5 percent increase for an undergraduate taking 15 hours. The non-resident tuition will increase from $9,504 to $10,179, a $675 increase or 7.1 percent."

Just keep telling yourselves that the Federal Reserve can keep printing money without inflation. If you are a undergrad, or paying tuition for a student at KU, insist on taking a basic economics class.

Bob_Keeshan 4 years, 2 months ago

You're right, they should be cutting tuition and paying their bills with magic beans instead.

Raju Ahmed 4 years, 2 months ago

TO YOURSWORSTNIGHTMARE, and GUESSWHO,

May be your fathers either work for the FED or they are doctors or making black money or you are taking huge federal loans. Education is neither free nor should be that expensive. Do not be selfish. Please think about others, who cannot afford education like you.

guesswho 4 years, 2 months ago

I don't understand your point or why you think I am being selfish. I simply pointed out one reason that KU has increased tuition was to make up for decreased support from the state.

Raju Ahmed 4 years, 2 months ago

By pointing out ideas like that make an assumption that you are supporting the idea. That's why I called you selfish. Don't you wish this country's every single person would be literate. Education is important, and every person deserves it. Higher expense will block that route forever. If we were Harvard, I would say 'okay'. But we are not them. Please do not let this crime of taking people's survival medium happen. We already make a huge amount of money from dorms, and Jayhawker towers. One thing I would suggest is KU should openly discuss where, and how the current money is being spent. they should show all receipts, and need to describe the purpose of increasing tuition fees. I want to see if they have that guts to show it to the public. Until then we should protest.

yourworstnightmare 4 years, 2 months ago

myjaan2007,

How expensive should education be, then? What current programs, services and classes would you cut at KU, seeing that you think it is too expensive?

Lower faculty salaries? Fewer faculty? Less lab equipment? Larger class sizes? Fewer computer services? Fewer buildings? Less support staff?

Please give details of why you think it is to expensive.

KU is still the cheapest university education around. Ask private universities to lower their tution and see how far you get.

guesswho 4 years, 2 months ago

From KU's web site...


State funding per resident KU student has declined 40 percent since 1999 and Kansas students now pay more than half the cost of a KU education, when previously the state covered a majority of the cost.

KU’s state funding per full-time resident student ranks 23rd out of 27 current and former public universities in the Association of American Universities that responded to a University of Virginia study. When tuition and fees per student are added, KU ranks 25th out of 27 in this listing of the resources available to some of the nation’s top public research universities.


And remember, KU athletics is completely separate from the University.

Raju Ahmed 4 years, 2 months ago

Whatever the cost is now should remain for next few years at least. Why do you think KU should be expensive? Are you one of the staff or faculty group? It surely seems like it. What bothers me is there are many KU professors would ask for unnecessary raise and send their children to Harvard or MIT. That is totally hypocrisy. And, in return who suffers? US. Why does KU need to do the construction on the campus every year? I am sure they want to bill students for all these.

KU has become more commercialized than ever with the basketball thing. When KU basketball won back in 2008, who was benefited from that? If you look into the system, you will find KU has hidden treasure. It is like oil. US has oil but still demanding oil from other countries, because they do not want to run out. It is all about making money, and it has been going on since this country was built. The mentality is there, but attitude has changed.

Humanity has died in front of greed. Thanks.

guesswho 4 years, 2 months ago

Ask the business owners (beer sellers and restaurants with TVs) how they did when KU won the national championship. I think they were pretty happy with the revenue.

Right, we'll keep the tuition the same. Let's hold our energy costs the same and make sure the state doesn't support the University any less.

Raju Ahmed 4 years, 2 months ago

That only benefited business owners. Are they going to donate me money for the educational expenses?

Sigmund 4 years, 2 months ago

Assuming you are a typical KU student, this is priceless, simply priceless.

johnnycash 4 years, 2 months ago

Whatever the cost is now should remain for next few years???? WHAT? I wish that was the case. Will you please tell that to oil companies? I really would love to keep the cost of oil around what it was even year ago.

Do you really really think only the KU professors ask for big $$$ raise? They don't get paid as much as other professors in private funded institution. If we want to stay competitive and keep the high quality professors, we have to pay them competitive salaries. Quality professors = higher ranking = more students.

Did you honestly ask why we have to do all those constructions? Do you really want to go to school that looks like junk? What new students want to come to KU that looks like its 1970 and haven't been updated???

This is epic. You really need to educate yourself.

Raju Ahmed 4 years, 2 months ago

One interesting thing I have found by living in this country that everyone likes show off what they have. If we have good school, we like to compete for the look of the school. I am sure once you graduate from KU by spending all your parent's money, you forget about the school, and your parents. Lot of movies like American Pie, Porky suggest that most of students come to school to party. May be you are one of them. The school does not look like junk at all. If you really love KU, you would not call KU junk. If you really love your mother, you never call her some bad names. That's how school should be to you.

KU is an educational institute. All I am asking not to push for this increasing expenses. My comments are not meant to be harmful in a way, but caring for others who cant go to good public schools like KU due to lack of fund.

Bob_Keeshan 4 years, 2 months ago

There seems to be some perception here that we are talking about state schools.

Our current Governor, Il Marrone, and his army of partisans object to that classification.

Costs are going up for universities, including costs for materials, costs for energy, and personnel costs. You know what isn't going up? Revenues from the state budget.

Regents schools are merely the first step in the privatization of education in Kansas by Il Marrone and his army of partisans.

hmati 4 years, 2 months ago

I understand completely that a college education is expensive and will continue to get more expensive. However, many go to KU and K-State for the experience of the environments, the campus cultures, the loyalty to the traditions, the fun that can be had in the cities, the athletic programs, and the big experiences that can be offered at the two largest universities in the state. Of course some go for a certain program, but for many degrees there are other options. Fort Hays State University has a very nice campus, excellent programs and professors, state of the art technology, online programs and degree programs that are highly respected in the professional world. The cost for a full year currently is $3,942.00 for full time (30 credit hours). Pittsburg State and Emporia State are slightly higher (about $1000 a year higher) but still half of what it costs to attend KU. Washburn and Wichita State also come in several grand less than KU and K-State. I am not bashing KU at all......I am a huge KU fan and there are lots of reasons that have already been mentioned for the high cost. I am just pointing out to people that complain that there are other alternatives in tough times. I attended one of the smaller Board of Regent colleges 10 years ago because my parents and I couldn't afford KU. I met my husband at college, also getting his degree and both of us work in industries with people from many other state universities and in the end there is no difference in our professions.

RKLOG 4 years, 2 months ago

My department at KU lost half of the profs and the current staff needs to be fluffed up and reminded they need to work. The ivory tower is getting pretty tall around these parts. If we pay more next year, I want the promise, of better teachers, to be honored or I'm going to finish at another school. I'd pay more tuition in another state but at least I can sniff out their departments for talent first.

yourworstnightmare 4 years, 2 months ago

Agreed. Every student must decide if a KU education is worth the cost, and if a better education can be had elsewhere. This is the market in which all colleges and universities must compete.

But to say KU is too expensive and is not justified in raising tuition is simply wrong.

A modern university education is expensive, and state support per-student is at an all-time low when adjusted for inflation (40% reduction since 1999, according to KU).

There is no free lunch. As state support decreases, the only way the university can compensate is to raise tuition.

Don't be mad at KU. Talk to your state senator and representative about higher education funding.

Shardwurm 4 years, 2 months ago

You are a laugh a minute.

The Education Industry has you totally hoodwinked don't they? The cost of an education has gone up 300 to 400 percent ABOVE inflation since 1980.

Kids (and their parents) are leaving college with $50,000+ in debt and a degree with no payback time. Do you really think a Liberal Arts degree is worth the cost? If you do then you're living in another world.

Education needs to cut the excess fat on their staffs, put professors in the classroom where they belong, and try to recognize that we're in a recession where people are getting no raises (some taking paycuts.)

The Education Industry has convinced itself that it is doing worth service, when in fact they should look at themselves in the mirror and ask whether what they charge for a degree in English is even ethical.

llama726 4 years, 2 months ago

You are one of the most ridiculous posters on the LJWorld. Well-done.

Close all schools but the business school!

yourworstnightmare 4 years, 2 months ago

Raise tuition at Kansas State University! Oh wait, they did.....

yourworstnightmare 4 years, 2 months ago

Raise tuition at Kansas State University! Oh wait, they did.....

yourworstnightmare 4 years, 2 months ago

I agree. Trying to make it seem as if the students were clamoring for this increase is just silly.

Display leadership. Take responsibility. Convince the students that this is the best thing and really the only thing the university can do in the face of increasing costs and decreasing financial support.

But don't try to make it seem as if the students are happy and all on board.

yourworstnightmare 4 years, 2 months ago

The above comment was meant to be in response to kuprof54's 2:51pm.

Sigmund 4 years, 2 months ago

Bob_Keeshan (anonymous) replies… "You're right, they should be cutting tuition and paying their bills with magic beans instead."

Federal government is trying that now, we will soon see how well that works.

Bob_Keeshan 4 years, 2 months ago

But I bet you don't support more tax cuts, just as you think tuition should be cut.

Face it -- you much prefer to believe magic beans will save us all.

Sigmund 4 years, 2 months ago

guesswho (anonymous) says… "Realize that it isn't about keeping up with inflation, but state support to universities has declined significantly over the last few decades. Raising tuition has been the answer to make up for that loss in revenue."

State support has declined in part because the state is going broke, but do not discount the increased costs especially energy costs (you wouldn't believe how many vehicles KU has that needs gas and the size of the electric bill) not to mention cost of living adjustments which is based on the "official government inflation figures." I would be surprised if costs haven't risen 6% over the last two years.

Shardwurm 4 years, 2 months ago

The Education Industry is a scam.

And sadly, there really is no recourse for students or parents to take to stop this insanity. It is a monopoly and should be treated as such.

The next economic crisis will be tens of thousands of college students simply defaulting on their student loans. Between my children and I we're paying $700 a month with no end in sight...and we're lucky. That's $700 a month that isn't going to goods and services.

What interest rate do we get on a Federal PLUS loan? 7.9 percent. Are you kidding me? I thought the idea was to help the middle class afford an education. Actually...'afford' and 'education' shouldn't be in the same sentence, because there is no affordable education unless you're a genius, 'protected class', or rich.

Education needs reform worse than Health Care. It's a total scam.

yourworstnightmare 4 years, 2 months ago

Raise tuition at Kansas State University! Oh wait, they did.....

voevoda 4 years, 2 months ago

If you think that higher education is a "scam," Shardwurm, you're welcome not to enroll in higher education. Most people don't agree with you, though, and the evidence is that college degrees help graduates (even those in the liberal arts) to earn higher salaries and lead more rewarding lives.
I agree that the cost has made gaining an education a financial hardship for too many people. I think we should go to a European pattern, and offer free higher education to those who are academically qualified.

Sigmund 4 years, 2 months ago

Bob_Keeshan (anonymous) replies… "But I bet you don't support more tax cuts, just as you think tuition should be cut."

OK, how much do you have in your wallet?

Sigmund 4 years, 2 months ago

Has anyone looked at the Kansas Treasurer unclaimed property fund? I doubt they will find $14,000,000 but it might be instructive as to how closely the University of Kansas watches it's financial resources. "Interns find $4,900 owed to Haskell in state’s unclaimed property fund", by Mark Fagan, LJWorld Online, May 18, 2011 http://www2.ljworld.com/news/2011/may...

George Lippencott 4 years, 2 months ago

Now if we did not have duplication between regent universities or if our various departments were funds limited we might not have to do this.

I am not paying more taxes for your education - you want it you pay for it!

If you are stupid enough to borrow money up to your neck to get an education that does not return what you paid so that over educated employees can make more money than most of us - feel free.

Of course you could all protest and demand they institute reforms to reduce costs.

The inmates are in charge of the institution. Where are the regents?

Sigmund 4 years, 2 months ago

Here is a sample list of the unclaimed property due the University of Kansas. Some of the money was due the University of Kansas Hospital, but was prior to the recent changes. Of the first couple I checked it was mostly stocks and stock dividends. I think a 25% finders fee is cheap. Send me a quick email so I can arrange to pick up a check. I'll donate all fees received to the Endowment Fund, and take the appropriate tax deductions.

1961202 University Kansas 1010 N Kansas Room 3034 Wichita, KS 07/11/2008 1961203 University Kansas 1010 N Kansas Room 3034 Wichita, KS 07/11/2008 1453418 University, Kansas S Elaine Hitsman 1901 E 95th S Haysville, KS 01/24/2002 1453419 University, Kansas S Elaine Hitsman 1901 E 95th S Haysville, KS 03/14/2002 2086104 University Kansas School Med Wichita 1010 N Kansas Wichita, KS 12/31/2008 2086105 University Kansas School Med Wichita 1010 N Kansas Wichita, KS 12/31/2008 1982390 University Medical, Kansas 3901 Rainbow Blvd Kansas City, KS 10/07/2004 1387350 University Of 1440 Jayhawk Blvd Apt 320 Lawrence, KS ??? 1508222 University, Of Kansas 119 Stauffer-flint Daily Lawrence, KS ??? 1770539 University Of Kansas 1251 Wescoe Hall Lawrence, KS 10/29/2003 1787284 University Of Kansas 3901 Rainbow Blvd Kansas City, KS ??? 1796070 University Of Kansas Medical Ctr Research Institute Kansas City, KS ??? 1885878 University Of Kansas Office Of The Registrar Mail Stop 4029 Kansas City, KS ??? 1898056 University Of Kansas 1251 Wescoe Hall Drive Lawrence, KS ??? 1909817 University Of Kansas 1122 West Campus Road Room 5064 Lawrence, KS 1975596 University Of Kansas Comptrollers Office Po Box 587 Lawrence, KS 2025684 University Of Kansas 3901 Rainbow Bl Mailstop 4029 Kansas City, KS 2046721 University Of Kansas Paula Crouse 422 W 11th Stste Lawrence, KS 2055625 University Of Kansas Po Box 2941 Shawnee Mission, KS 12/27/2004 2062048 University Of Kansas 1100 State Ave Kansas City, KS 2102348 University Of Kansas 212 Sw 8th Ave Ste 100 Topeka, KS 2102349 University Of Kansas 212 Sw 8th Ave Ste 100 Topeka, KS 2102356 University Of Kansas 212 Sw 8th Ave Ste 100 Topeka, KS 2102357 University Of Kansas 212 Sw 8th Ave Ste 100 Topeka, KS 2102358 University Of Kansas Athletic Sharon Markham 105 Parrott Lawrence, KS

just_another_bozo_on_this_bus 4 years, 2 months ago

If you want a finder's fee, tell us what this property is, and it's value.

Sigmund 4 years, 2 months ago

Someone at KU who is paid by the state, with the responsibility to do this, should do this. As no finder's fee would ever be forthcoming under any circumstances, I have better things to do.

iLikelawrence 4 years, 2 months ago

Even being out of school for 4 years now, the tuition difference is jaw dropping. Being an out of state student would be painful.

Sigmund 4 years, 2 months ago

Shardwurm (anonymous) says… "The next economic crisis will be tens of thousands of college students simply defaulting on their student loans. Between my children and I we're paying $700 a month with no end in sight...and we're lucky. That's $700 a month that isn't going to goods and services."

The next economic crisis will be caused by the continuing sub-prime mortgage crisis that caused the last economic crisis, Fannie guaranteed home loans. The structural bankruptcy of the system continues without any reform soaking the treasury of another $8.5B in taxes. "Fannie Needs Another $8.5 Billion From Taxpayers, But Freddie's Okay?", by Daniel Indiviglio, The Atlantic Online, May 9 2011 http://www.theatlantic.com/business/archive/2011/05/fannie-needs-another-85-billion-from-taxpayers-but-freddies-okay/238618/

At the end of the day, the Federal Reserve will create "money from nothing" which will devalue your dollar even further leading to higher prices. Inflation hurts the poor and middle class much, much worse than the rich.

Perhaps crisis after that crisis will be the Sallie Mae sub-prime student loans, but the government will eventually get it's money. Unlike principle and interest owed on home loans, you can't discharge student loans in bankruptcy and the Fed's will confiscate any income tax refunds to pay the principal and interest on the principal and interest owed on your student loan.

SnakeFist 4 years, 2 months ago

As many have noted, state support is down. But revenue from other areas is at an all time high, including licensing fees, commercial contracts (with, e.g., Coke), and technology transfer. Part of the problem is that a great deal of this additional revenue isn't made available to the meet the fundamental needs of the university.

So while students see less and less of professors who focus on research, the money derived from that research isn't used to lower tuition. In effect, students are subsidizing basic research that is then sold, licensed, or given to the private sector, and then sold back to the students and other citizens via the private market.

Sigmund 4 years, 2 months ago

Shardwurm (anonymous) says… "The next economic crisis will be tens of thousands of college students simply defaulting on their student loans. Between my children and I we're paying $700 a month with no end in sight...and we're lucky. That's $700 a month that isn't going to goods and services."

The next economic crisis will be caused by the continuing sub-prime mortgage crisis that caused the last economic crisis, Fannie guaranteed home loans. The structural bankruptcy of the system continues without any reform losing another $6.5B in the last three months alone soaking the treasury of another $8.5B just to stay afloat. "Fannie Needs Another $8.5 Billion From Taxpayers, But Freddie's Okay?", by Daniel Indiviglio, The Atlantic Online, May 9 2011 http://www.theatlantic.com/business/archive/2011/05/fannie-needs-another-85-billion-from-taxpayers-but-freddies-okay/238618/

At the end of the day, the Federal Reserve will create "money from nothing" which will devalue your dollar even further leading to higher prices. Inflation, a hidden federal tax, hurts the poor and middle class much, much worse than the rich.

Perhaps crisis after that crisis will be the Sallie Mae sub-prime student loans, but the government will eventually get it's student loan money. Unlike principle and interest owed on home loans, you can't discharge student loans in bankruptcy and the Fed's will confiscate any of your income tax refunds to pay the principal and interest on the principal and interest owed on your student loan.

just_another_bozo_on_this_bus 4 years, 2 months ago

Ah, the ideological smokescreen never stops, does it?

Yes, there were/are problems with Fannie and Freddie. But the simple fact is that the subprime mortgage crisis is 90% a creature of the private sector, primarily Wall Street.

But do Republicans want to do anything about that? No. That would entail going after cash cows for the wealthy. It's much better in their estimation to stick it to the middle and working classes. (and sadly, too many Democrats in D.C. are drinking the same koolaid.)

davidsmom 4 years, 2 months ago

There is nothing unique to KU about this. State support is decreasing all over the country and state universities in every state are having to increase tuition in addition to making other cost-saving changes. This is well documented in the Chronicle of Higher Education. I work at a university and I am seeing it where I work.

Kontum1972 4 years, 2 months ago

you needed waste an article on this crap....its a given every year...

obtw where are the jobs...after u complete?

a money back guarantee should be given...mb the new grads can secure a gig out in the flint hills recreational park the governor is setting up.....

Betty Bartholomew 4 years, 2 months ago

I don't object to a tuition increase. My husband will finish his degree at KU and we'll pay back however much in student loans for him to do it.

What I object to about this is that it is coming up in MAY 2011 for an increase in tuition starting in AUGUST 2011, after many students - including my husband - have already enrolled and been granted their financial aid packages for the fall.

Is financial aid for students attending affected schools going to be adjusted to cover the extra?

If it were on the table for spring 2012 or fall 2012, that wouldn't bother me. But bringing it up after the fact and, I am assuming, expecting students to be able to make up the difference on the spur of the moment really ticks me off.

LeBo 4 years, 2 months ago

Pricing the poor out of education; how egalitarian!

Jimo 4 years, 2 months ago

I guess it turns out that you can't give away massive tax cuts and still have a future.

Who would have predicted that?

Isn't it amazing that in just a few decades we've gone from a top marginal tax rate of over 90% to 35%, from corporate taxes paying for half the budget to a world where corporations barely pay at all, and then find ourselves surprised that public institutions can't provide on their diminishing budgets?

yourworstnightmare 4 years, 2 months ago

Bingo! There is no free lunch.

If one thinks a college education is not worth the money and is a scam, then by all means do not go to college.

Good luck finding a good job, though. It is possible, but very much more difficult.

somedude20 4 years, 2 months ago

I remember my prof always saying that college students are the only consumers who do not want the product that they are buying (homework/papers/tests/ect)

yourworstnightmare 4 years, 2 months ago

The product they are buying is the ability to secure a good job (possibly a fantastic job) in the skilled, professional segment of society.

The product is upward mobility.

guesswho 4 years, 2 months ago

I would say that is more true for health care insurance.

Joseph Jarvis 4 years, 2 months ago

Differential tuition has been renamed "course fees" (see PDF p. 23). A rose by any other name...

Sigmund 4 years, 2 months ago

just_another_bozo_on_this_bus (anonymous) replies… "Ah, the ideological smokescreen never stops, does it? Yes, there were/are problems with Fannie and Freddie. But the simple fact is that the subprime mortgage crisis is 90% a creature of the private sector, primarily Wall Street."

Banks would have never lent the money to all the marginal borrowers if the government hadn't guaranteed them. Housing prices would have been less "bubbly" without all that extra money chasing houses. Wall Street would never have been able to bundle and sell sub-prime mortgages if there hadn't been a government guarantee. There is fault all around but you have the apportionment backwards, 90% Fannie/Freddie / 10% banks and Wall Street.

But at least you are consistent. As far back as 2004 senior democrats refused to see or admit there were major problems at Fannie and Freddie or Franklin Raines. Freddie and Fannie were subject to far less regulation than the Banks or Wall Street. They don't even have to comply with Sorbaines Oxley or any of the major securities law.

I am sure you have seen the video of the hearing on CSPAN, but just in case you forgot, here it is. Before you rewrite history you'll need to erase this video from the net first. http://www2.ljworld.com/news/2011/may/18/ku-proposes-tuition-increases-49-71-percent-2011-1/#c1636968

Sigmund 4 years, 2 months ago

toe (anonymous) says… "Until tuition is much higher, KU will not see any significant improvement in faculty quality and outcomes."

Same is true of student outcomes. When only students from very wealthy families who value education can afford go to KU, average GPA and average post-degree beginning salaries will also rise.

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