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by cperciva
6627 days ago
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This is exactly the business model which most private US universities work with, except with the minor difference that people are not required to give money back to their alma mater. As high as the cost of tuition fees may be, it's much less than what it costs universities to provide that education; the difference is made up by the fact that over their lives, many Americans donate significant fractions of their income to the institutions which educated them. (A more macabre version of this calculation is done at universities which provide free education to seniors because experience tells them that this is a good way to be written into someone's will.) And of course we shouldn't forget governments: By providing free primary and secondary education, and (in most developed countries) free health care, governments provide per-capita funding on the order of hundreds of thousands of dollars -- and then call their annual dividends on equity "taxes". |
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It just slays me that people could type such a sentence.
"Free"
As in, the money is stolen.
"Free"
As in, they force you to go there.