3 ms·
Is tuition actually going up by that much? Most schools raise prices to raise scholarships to raise rankings, leaving revenue virtually flat. There is a coordi
by barake 9y ago
Is tuition actually going up by that much? Most schools raise prices to raise scholarships to raise rankings, leaving revenue virtually flat.
There is a coordinated effort to temporarily exempt schools from antitrust rules so they can collectively coordinate a tuition drop, and stop the fake scholarship arms race.
- mnm1 9y agoYes, tuition is actually going up by that much (20k vs 50k). Even inflation adjusted it's still almost double. Room and board has also almost tripled (5k vs 15k). At this rate, in fifteen years or so, I'd expect to pay 100k a year just in tuition or almost half a million per child. Luckily I have no kids, but if I do they're going to learn prefect German or other language that gets them free tuition in Europe. Fuck these prices. Even for a software engineer making good money, they are simply not achievable.
- learc83 9y agoWhere are you seeing tuition of $20k or $50k? Public universities in state are closer to $10k a year, even out of state isn't usually anywhere near $50k.
- mnm1 9y agoMy alma mater, a northeast, private university ranked in the top 50. It was actually ranked higher when I was there and cost $20k. Now tuition alone is just shy of $50k.
- 3131s 9y agoSounds familiar. I went to a highly ranked private college where tuition went from 35k in 2007, to about 50k only 4 years later, and now it's around 60k I believe. The professors were mostly excellent and well known in their fields, but at the same time many departments were understaffed while the university spent 42 million dollars on an "Institute for Global Citizenship" that ended up being mostly unused, though it is pretty: https://img.apmcdn.org/c1675e4ec7a7aec84a32edbfe93999b018c7007a/uncropped/cd77f3-20090921-markimhall.jpg https://img.apmcdn.org/c1675e4ec7a7aec84a32edbfe93999b018c70...
- secabeen 9y agoThat may be true, but the average net price paid by Macalester students has been flat at $28k for the past three years. The increase in the nameplate cost is meaningless. Source: https://nces.ed.gov/collegenavigator/?q=macalester&s=all&id=173902#netprc https://nces.ed.gov/collegenavigator/?q=macalester&s=all&id=...
- 3131s 9y agoI am surprised it's that low, but it's not meaningless if you're one of the ones paying full price. I / my parents paid the full amount of tuition all four years (minus 20,000$ or so for a national merit scholarship), in part because they had actually saved up.
- learc83 9y agoThere are private high schools that cost tens of thousands of dollars too. The OP was talking as if this was normal. The average student is going going to a state school and paying somewhere near $10k a year for tuition. If you can't get a scholarship and it's not a top 10 school $50k per year probably isn't worth paying.
- monocasa 9y agoMost of the public schools around me are ~$10k a semester, not a year.
- RepressedEmu 9y agoAnd then with 10-15k for overpriced student housing since most colleges make mandatory for Freshmen and sometimes even Sophomores. Then you might have to pay 1k a year to pay for a parking spot. 2-5k for cafeteria access. Add it all up and you've got 80k-100k(at 4%-9% interest) for four years at a state school. Its not impossible to get out from under but it represents a large delay, especially for degrees with low ROI
- learc83 9y ago>most colleges That's not even close to true. Most public schools don't have residency requirements. The ones that do normally have waivers that are easy to get. I've also never heard of a school with a residency requirement for sophomores.
- RepressedEmu 9y agoRandom googling turns up 87 colleges that have residency requirements[1]. So you're right that it isn't "most" but it is also not super rare. I'm just saying its a sneaky way for colleges to bump up costs. Most college students won't go through the work to get a waiver and will just go with the flow. Its like the difference between opt-in and opt-out. https://www.washingtonpost.com/local/education/freshman-residency-rules-sometimes-force-students-to-pay-prohibitive-costs/2015/09/29/4693aed6-63b5-11e5-b38e-06883aacba64_story.html?utm_term=.e2097e0e14c2 https://www.washingtonpost.com/local/education/freshman-resi...
- secabeen 9y agoBut does anyone but the scions of the 0.1% actually ever pay that $50k nameplate cost? For example, Brown University in Rhode Island has a nameplate cost of $49k. However, the average net cost paid by students there in 2016 was only $25k. Students with a family income under $75k paid an average of $12k. That nameplate number is just bogus, in most cases. Source: https://nces.ed.gov/collegenavigator/?q=brown&s=all&pg=3&id=217156 https://nces.ed.gov/collegenavigator/?q=brown&s=all&pg=3&id=...
- sweep4r 9y agoSpaniard here. I pay around 750€ a year. If I can prove I don't make much money, not only I don't have to pay, they'll also pay part of (or the entirety of) my rent, food, etc. 100k a year is just, wow.
- spaceseaman 9y agoFrom my anecdotal perspective, at private institutions (especially the Ivy's) your statement seems accurate. For public universities tuitions have been skyrocketing without any increase in scholarship funding. In fact my school recently cut funding to merit-based scholarships because they no longer have the money from the state to offer them.