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I think the OP’s point is that the money a college spends per student does not equal the tuition sticker price (it may be higher or lower), and the average pric
by rbcgerard 9y ago
I think the OP’s point is that the money a college spends per student does not equal the tuition sticker price (it may be higher or lower), and the average price incurred (cash tuition + debt incurred) for the student is often less then the sticker price...
- jimhefferon 9y agoYes, thanks. I know that the pricing situation is nuts, everyone knows it is nuts (I'm a prof, but not at all involved in admissions or financial aid). The model is to list a large sticker price and give a lot of that back. My college's web site is an example. https://www.smcvt.edu/admissions/financial-aid-and-tuition/tuition-resources.aspx https://www.smcvt.edu/admissions/financial-aid-and-tuition/t... (I understand that all schools in the US have to have such a page.) It lists the bottom-line summary of the sticker price and then gives you a link to a calculator that you use to figure what it will really cost you, which is typically much less. For example, overall we give back more than half and I assume that our peer institutions do also. (And, yes, a loan is different than a grant, which is different than work study. My only point is that the end price is often much less than the sticker price.) All this is not to say that the point of the article is wrong. It is not wrong. I said it was a nit, and I meant that.
- protomyth 9y agoAll accredited colleges in the US are required to provide tuition information - we had to put a ‘Net Price Calculator’ on our website. There are actually a bunch of student notices required by the government and accreditation groups.