(10-18-2016 12:44 PM)KNIGHTTIME Wrote: (10-18-2016 10:23 AM)MechaKnight Wrote: There's a political cartoon spoofing climate change denial where someone is standing at a podium in front of a list of benefits to protecting our environment - clean air & water, sustainability, energy independence, etc... and someone is saying "what if it's a big hoax and we make the world better for nothing?!"
Same applies here. If your school makes itself better in hopes of expansion, then worst case you just have a better school.
Did you have to borrow from China to make it a better place so you owe 2xs in 10 yeaes? So the next generation has even less for your better world?
Exactly. And while I totally agree with your point as it pertains to "Global Warming," the BXII version of it manifests itself in the form of higher tuition for the same degree. Case in point:
My son entered The University of Memphis in 2010. He was studious enough to achieve a 30 on the ACT, which got him the presidential scholarship ($7500). That combined with the TN Hope scholly ($4000), the Hope Merit scholly ($1500), and a ($1000) band scholly almost exactly covered all of tuition, room, board, and books.
Three years later my middle child (daughter) got a 31 on the ACT, and got pretty much the same exact amounts on the same exact scholarships. Sure, tuition has gone up year to year, but still, she can make do by living in a nearby house a few blocks from campus with 3 other roommates.
My Last daughter is graduating high school and entering UofM this coming fall. The Presidential Scholarship is down from $7500 to $6000, the Hope is down from $4000 to $3500. We ran the numbers. Tuition has gone up so much and scholarship awards have gone down so much that if my daughter gets the same level as our other two kids, We will be around $7000 dollars short per year.
So in 7 years (2010 -2017) we will have gone from full coverage to about 3/5ths coverage for the same award of scholarship. Now, since at least the presidential scholly is school money and not state money, at least that part of it is being pumped into.... what? endowment, new buildings, land acquirement, ect. But my third child's degree will not be worth more than my son's degree.