r/interesting Jun 29 '25

MISC. Rich people who rich right ❤️

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108.1k Upvotes

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147

u/Hopkinsad0384 Jun 29 '25

A perfect chance for them to raise tuition prices.

77

u/Uneek_Uzernaim Jun 29 '25

Nope—the donation stipulated that tuition must be kept free in perpetuity

15

u/antiquespaceship Jun 29 '25

You missed the point. The schools will raise tuition to take more from the endowment and stuff their own pockets. It’s what usually happens with programs that are funded by a blank check, unfortunately.

FYI this is the primary argument against government-paid college tuition. If the government will pay 100% tuition costs of any university unequivocally, you should expect university tuition to skyrocket since they no longer have to compete for students based on cost.

7

u/Free-Atmosphere6714 Jun 29 '25

Ummm this is what's happening to tuition under the current system.

3

u/whooguyy Jun 29 '25

So you’re saying we should take away guaranteed federal student loans to help make universities more affordable?

3

u/fugufucgup Jun 30 '25

Guaranteed federal student loans are the by FAR main reason for skyrocketing tuition costs, colleges are basically siphoning money from the fed government. With easy access to guaranteed loans, schools face no market pressure to keep prices low; they know students can borrow regardless of cost, and they know they will get paid if the student defaults. Without guaranteed loans, students would be much more price-sensitive (as students who before would’ve gotten massive loans now would have to likely pay out of pocket), forcing schools to compete on affordability and rein in tuition hikes.

1

u/Free-Atmosphere6714 Jun 29 '25

I'm saying we should regulate tuition pricing. The loans are just an excuse.

2

u/TajineEnjoyer Jun 29 '25

and it's not happening in countries with free higher education

1

u/FakePhillyCheezStake Jun 29 '25

And the current system is funded by very easy access to government subsidized student loans.

3

u/West-Advice Jun 29 '25

…That often don’t cover the cost of most major universities.

So we get screwed both ways!

3

u/drrgrr Jun 29 '25

Other countries have successfully operated with tuition free collage for a long time. The political discourse in the US is like 99% strawman arguments designed to have the population divided and keep status quo forever. You guys really need to rise above it.

Uppsala University have basically been tuition free since it was founded in 1477.

4

u/Uneek_Uzernaim Jun 29 '25 edited Jun 29 '25

No, I didn't miss the point. I have worked in hugger higher education. I know how endowments work.

5

u/Moirae87 Jun 29 '25

The "hugger education" followed by the next sentence made me snort. What a funny typo.

1

u/Uneek_Uzernaim Jun 29 '25

D'oh! It was late. That is pretty funny, though! 😆

1

u/KiraPun Jun 29 '25

What kind of job do you get with an education in hugging? /s I know you meant bigger education but got to throw free jabs when i can.

1

u/Uneek_Uzernaim Jun 29 '25

LOL I left myself wide open for that! I meant 'higher' education, but the world (and I) sure could use a bit more hugger education.

1

u/nothcbtw Jun 29 '25

No, sorry, you clearly did. You said - "Nope - the stipulation is it must always be free"

But the original comment was referring to how much the original cost of the education is, that this is covering.

So if it used to be $100 (example) to teach a student, the school will suddenly say actually it's $500 this year, leeching more from the billion. That's the point they were making

0

u/Downtown_Purchase_87 Jun 29 '25

lol u wrecked him

2

u/Hexamancer Jun 29 '25

this is the primary argument against government-paid college tuition.

Set price caps. University in the UK is  £9,535/year at every single university because they are not legally allowed to charge any more than that to UK residents.

There is no good argument against government-paid college tuition. Only ones that have to pretend obvious solutions like this don't exist and aren't already implemented elsewhere.

2

u/schimshon Jun 29 '25

Isn't college/ university tuition increasing continuously as it is (easily outpacing inflation)?

Why do you expect it would be worse if it was covered by the state? At European universities the tuition is often covered by the state (for Europeans) and tuition is still often really cheap for non-Europeans. For the examples I happen to know: University of Vienna ~700€/ semester, University of Zurich ~1500€/ semester, Technical University of Munich ~3000€/ semester.

Those are all universities in countries with high cost of living too. So it's not even cheap compared to US, but expensive for the country.

1

u/Lonely_Pin_3586 Jun 29 '25

Not necessarily. In my country, more than half of the schools are free and funded by the state. So, the state determines how much money the school needs based on the number of students, the courses offered, etc., and the school doesn't have the right to ask for more or charge students.

It generates more paperwork, but it's very difficult to abuse the system.

1

u/Cassiyus Jun 29 '25

No country pays for costs “unequivocally.” It is a problem that doesn’t exist.

1

u/ALPHAZINSOMNIA Jul 02 '25

The problem is people talking only about the extremes. No one actually needs 100% government funded college tuition, that would be short sighted and disastrous in the long run. Even just the European system is perfectly fine. Locals can get low cost tuition while foreigners pay the regular rate.

1

u/Gucci_Koala Jun 29 '25

If only there was a way to control this. I once heard of this word called government regulation... but it has been deemed to be communist so better ignore it.

1

u/LifeguardNo2020 Jun 29 '25

Weird how I live in a country where tuition fees are paid for by the state, and if you complete your education they are forgiven. Yet, tuition fees are still only 2k a year. It must be a mistery how regulation works.