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<blockquote data-quote="gtphd" data-source="post: 583357" data-attributes="member: 4269"><p>Not quite sure how this transitioned to a charter school discussion, but back to post secondary education:</p><p></p><p>Two fundamental problems with education in the US that drives up cost: ranking systems and federal loans. The de facto national university ranking table is USNWR. The USNWR methodology is asinine, especially compared with THE and QS rankings. USNWR provides a disproportionate weight to the admission rate, which is effectively the application rate. This has caused an arms race in US schools to provide auxiliary services like fully staffed on campus hospitals, water parks, concerts, world-class exercise facilities, upgraded dorms with en suites, etc. This things cost tons of money and is where all that tuition goes, not to the education. </p><p></p><p>Couple an incentive to charge an increasing amount with limitless access to buyer capital via federal student loans and you get what we have now.</p></blockquote><p></p>
[QUOTE="gtphd, post: 583357, member: 4269"] Not quite sure how this transitioned to a charter school discussion, but back to post secondary education: Two fundamental problems with education in the US that drives up cost: ranking systems and federal loans. The de facto national university ranking table is USNWR. The USNWR methodology is asinine, especially compared with THE and QS rankings. USNWR provides a disproportionate weight to the admission rate, which is effectively the application rate. This has caused an arms race in US schools to provide auxiliary services like fully staffed on campus hospitals, water parks, concerts, world-class exercise facilities, upgraded dorms with en suites, etc. This things cost tons of money and is where all that tuition goes, not to the education. Couple an incentive to charge an increasing amount with limitless access to buyer capital via federal student loans and you get what we have now. [/QUOTE]
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