Tuesday, December 13, 2011

Education Cost Addendum

When I went to Harvard in the early 1970s, the cost of tuition, room & board was about $4,000 per year.  Let's assume that $3,000 was tuition.  For eight courses of one semester each, the tuition amounts to $375 per course.

Hmmm ... that number is not too far off from the current cost that I computed in yesterday's blog for the cost of a technologically modern course to be delivered to a student.

Thus we see that the entire gains and more from productivity over 40 years have been grabbed by the pharisee class as monopoly profits to themselves by price increases; nothing was passed through to consumers of the education services.

The true cost of college education per course:  about $100 for the lectures on the material, $100 for books and reading, and about $200 for grading services and Q&A.  By technology, this could be kept at early 1970s cost, BUT the pharisees want more ... for providing nothing extra.

6 comments:

Spin-em said...

1 SYRACUSE (51) 10-0 1,607
2 Ohio State (7) 8-1 1,478
3 Kentucky (4) 8-1 1,468
4 Louisville (2) 9-0 1,374
5 North Carolina (1) 8-2 1,373
6 Baylor 7-0 1,284
7 Duke 9-1 1,273
8 Xavier 8-0 1,122
9 Connecticut 8-1 1,087
10 Missouri 9-0 1,030
11 Marquette 9-0 988
12 Kansas 7-2 945
13 Florida 7-2 891
14 Wisconsin 8-2 728
15 Pittsburgh 9-1 696
16 Georgetown 8-1 602
17 Mississippi State 9-1 574
18 Indiana 9-0 462
19 Illinois 10-0 375
20 Michigan 7-2 354
21 Michigan State 8-2 310
22 Texas A&M 8-1 270
23 Alabama 8-2 204
24 Murray State 10-0 93
25 Creighton 7-1 88
25 Vanderbilt 6-3 88

Bunkerman said...

and the numbers like "1,607" are ?

Spin-em said...

writers votes...(51)..first place votes

1607...total points

Spin-em said...

Bunk...would you vote for eye of NEWT in general election??...lol

Bunkerman said...

re Newt, no.

I would withhold my vote from both of them. I won't vote for someone I can't trust.

Spin-em said...

Hope you're aliiiive....and well Bunktini...Merry Christmas to you,Mrs B and the pups....