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Don't make the mistake of believing the sticker price of college/university tuition! It's quite routine for many colleges (private ones, at least) to offer "sch
by Steuard 7y ago
Don't make the mistake of believing the sticker price of college/university tuition! It's quite routine for many colleges (private ones, at least) to offer "scholarships" covering a substantial fraction of tuition to literally every accepted student.
Evidently, where marketing is concerned, families are way happier to say "My kid is going to a $40K college, and got a $15K scholarship!" than to say "My kid is going to a $25K college". Colleges that have tried to present themselves as less expensive by listing the actual tuition cost have quite often lost enrollment as a result.
(Meanwhile, last I heard, Harvard tuition was free for the vast majority of families in the US, unless they're very wealthy. But their official listed tuition is nearly $50K.)
- alexandercrohde 7y agoTo Trimbo's point though, college is the most expensive it's ever been (by several fold factor). The math more that checks out to pay all university professors over 200k, if you could reduce the administration figures. I think the real question is why college expenses have grown so much