Because the initial increase in pay and lifetime increase in earnings is well worth it. Why do so many people get car and house loans they take more than 2 years to pay off?
Because it doesn't necessarily have to cost that much. There are world-class universities in Europe, Australia, Japan, etc. that don't cost $60k+ a year.
> Because it doesn't necessarily have to cost that much.
Makes no sense to me. Any person who thinks something is more expensive than it can be; can start his own college and win over the market while making a lot of money.
How can a person claim to know the value of other people's labor ?
> Makes no sense to me. Any person who thinks something is more expensive than it can be; can start his own college and win over the market while making a lot of money.
No, because there are enormous barriers to entry. We can, however, see that many other countries have similarly good universities that don't cost as much per pupil.
> How can a person claim to know the value of other people's labor ?
Every person who has ever hired someone does that.
Eh, I tend to disagree. Great university's for sure, but the large majority of universities (particularly those accessible to anybody) reside in the United States. Now, I do agree that a university education doesn't have to cost as much as it does, but the scale of world-class universities in the rest of the world is dwarfed by the United States. Maybe students should not stop coming to US schools if they cost so much, as well. Idk?
Apologies, I meant to type "the large majority of great universities". Obviously there are more universities across the planet combined than there are in the United States.
