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Who else pays for it? How does Harvard pay their employees? From a tree growing in the backyard?
I dont care if you go there or not. Do you think her pay is acceptable , Yes or No?
So what you are saying is you don't understand how private universities work.
Warren's pay at Harvard is probably on par with other professors that teach there. I really don't concern myself with how much professors at private schools get paid because that isn't the taxpayers' problem.
The problem is the same as what we had with Obamacare. Too many who want to do something only want to address one side of the problem, the financing side, not the cost side.
But, we will note, no link verifying your claim.
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Originally Posted by pknopp
Which is fine until they figure out that they want taxpayers to pay for it.
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Originally Posted by pknopp
I explained my position in my first post.
Your position is a bit vague.
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Originally Posted by aedubber
Who else pays for it? How does Harvard pay their employees? From a tree growing in the backyard?
I dont care if you go there or not. Do you think her pay is acceptable , Yes or No?
Ever hear of endowments? Harvard is a private school and like all private schools the subsidies come from donors. Similarly, Northwestern and the U of Chicago is also private. The average MBA debt at Northwestern is about $90K, U of Chicago it's $70K (thanks to a $300 million donation), and at Harvard it's $78K.
Universities pay their professors what the market demands.
So what you are saying is you don't understand how private universities work.
Warren's pay at Harvard is probably on par with other professors that teach there. I really don't concern myself with how much professors at private schools get paid because that isn't the taxpayers' problem.
So you are trying to hunt for unicorns because your position didn't answer my question.
I didn't say a word about her. I noted that there was no link verifying the claim. Like so many things posted here the real story is the bigger story. As far as I know Warren may be willing to address the bigger problem. It would be nice if someone would ask her.
She has a valid point that the government shouldn't be in student loans for the profit. She was correct that it is wrong that those with older higher interest student loans aren't allowed to refinance them at today's lower rates. This also goes way beyond her but is she willing to address every reason people leave college today with so much debt?
Ever hear of endowments? Harvard is a private school and like all private schools the subsidies come from donors. Similarly, Northwestern and the U of Chicago is also private. The average MBA debt at Northwestern is about $90K, U of Chicago it's $70K (thanks to a $300 million donation), and at Harvard it's $78K.
Universities pay their professors what the market demands.
So how much does it cost a student to attend Harvard ?
I didn't say a word about her. I noted that there was no link verifying the claim. Like so many things posted here the real story is the bigger story. As far as I know Warren may be willing to address the bigger problem. It would be nice if someone would ask her.
She has a valid point that the government shouldn't be in student loans for the profit. She was correct that it is wrong that those with older higher interest student loans aren't allowed to refinance them at today's lower rates. This also goes way beyond her but is she willing to address every reason people leave college today with so much debt?
On a related note, CUNY is going to pay Paul Krugman $25,000 a month as a non-teaching professor to help build an income inequality studies program! Yes they're paying him in one month, what some people don't make in a year to research income inequality. He's not even teaching a course. He has to teach 1 seminar per year. By comparison, they pay adjunct professors an average of $3000 per course at CUNY, and they actually have to teach a class.
It seems like the so called private universities like to shuffle the money around carelessly. They are getting these so called donations and using it to pay themselves a hefty amount of money...
On a related note, CUNY is going to pay Paul Krugman $25,000 a month as a non-teaching professor to help build an income inequality studies program! Yes they're paying him in one month, what some people don't make in a year to research income inequality. He's not even teaching a course. He has to teach 1 seminar per year. By comparison, they pay adjunct professors an average of $3000 per course at CUNY, and they actually have to teach a class.
Okay. I agree, sounds excessive, especially when they could probably use their own economic professors to put together this program.
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