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by jltsiren
645 days ago
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When the state pays, what matters is the ROI to the state. There is a need for teachers, social workers, and people familiar with various cultures, but the market will never pay them well. Public funding models often have incentives for delivering the degrees the state wants. For example, there could be field-specific quotas for degrees. The university gets paid for each degree up to the quota, but not for exceeding the quota. That can have interesting effects in fields that are popular but in low demand. For example, the acceptance rate to psychology can be as low as 2-3%. |
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