Higher education must do a reset on tuition costs, former administrator says

Neal McCluskey, director for the Cato Institute's Center for Educational Freedom, and Andre Perry, fellow at the Brookings Institution Metropolitan Policy program, join "Squawk Box" to discuss the sustainability of high college tuition.

[JamesGarrity]

The high cost of education is due to the high salaries paid to professors. We have some professors that make 400, 000+ a year or two days a week. We have football coach is making millions of dollars

[utkarshanand]

The problem with most colleges these days is that they are not producing employable graduates in a sufficient enough quantity. That's partly because of students opting for useless majors, teachers not being up to date on what needs to be taught etc. (if you're not even able to pay off your loans, you definitely went wrong with at least one of the above mentioned issues). So, first of all it's the student's responsibility to figure out what's worth studying and whether or not there are good professors and a good curriculum at a college. Secondly, artificially resetting college tuition isn't going to solve any of the above mentioned problems. If tuition fees was the problem, it should have simply been lowered in accordance to the demand, i.e. if, let's say, history wasn't a major that would pay you enough or had scarce employment scope, the demand for that course amongst students should have already been low enough for the institute to lower the tuition for those students or reconsider whether or not it's sustainable to teach that subject. Artificially lowering the tuition across the board would only increase problems for institutes and courses that are actually doing pretty well. Furthermore, there is a need for companies to partner with bootcamps that deliver targeted material to those who enroll, which would help even those who haven't been practicing regular school courses and hence were unable to get admitted into suitable courses or colleges. Regular school curriculum has little to do with many of the tech jobs and is only used as a training material to develop passive skills, like how to think, understanding of hierarchical structures, making observations and implementing them, your ability to learn etc. and there are many ways to develop those skills. There are, obviously, math and science heavy jobs that require you to be proficient and you have to start early, but, there are equal, if not more jobs available out there that only require passive skills for your to do well. Active skills for such jobs are generally delivered on the spot.

[joedaniels]

So basically your saying Bernie was right!!!!

[teebone]

It's amazing how Bernie's talking points are used by all of these special contributors and guest but he doesn't get any recognition for LOL. Unfortunately it's an easy fix but most people will not be able to get education. The government needs to do a one-time cancellation of all Federal loans and I need to discontinue giving out loans in the first place. Banks don't want any part of it for that very reason they know it won't be paid back. There needs to be a reset on the system either you go to college when you can afford it or you go to a trade school or Community College. Of course Bernie's option is the other option where we can divert money from the defense department who waste everything and use it for American citizens