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The average cost of tuition (not room, board, books, travel, living expenses) for private colleges is about $35K/year. At the more expensive private colleges i
by reddog 6y ago
The average cost of tuition (not room, board, books, travel, living expenses) for private colleges is about $35K/year. At the more expensive private colleges it's twice that.
Are people really going to pay that much for 15 hours of Zoom lectures a week? I doubt it. The primary reason parents are willing to pay that much is not for the education (with some exceptions) but for the credentials, the networking, and putting their kids into a cohort of successful, like-minded individuals from which they can choose an acceptable mate. And of course to get that 18 year old bundle of hormones and poor judgement out of the house but still in a relatively safe environment.
- ipnon 6y agoIn other words, they are buying elitism. Ivy League educations are not for everyone.
- cm2187 6y agoI don't think recruiters attach the same value to online degrees offered even by major universities.
- yladiz 6y agoEven if that's true, if everyone is going to be learning online now then this will be a moot point.
- dirtyid 6y agoMaybe class of 2024 is just going to be a lost generation if this keeps up. I know some recruiters keep these factors in mind for entry level.
- croutonwagon 6y agoCollege degrees are already oversaturated in the job market. Their value in terms of actual employability is basically what HS was 30 years ago. Short pd some HR bean counters and the universities themselves most in the private sector don’t put too much stock in them. A degree from the relatively small local college is about the same as big state. Ivy is it’s own thing for sure.
- deleted 6y ago[deleted]
- johnnyo 6y agoThey might, because it keeps them in the cohort for next year. I don’t think a lot of Harvard kids are going to drop out and head to state school, and Harvard knows it.
- bgorman 6y agoRight, but is Harvard going to deny students from deferring admission for a year? I would assume the number of students attempting to defer this year is 10x what it normally.
- bubblethink 6y agoSo a place like Harvard has enough money in the bank to waive fees for everyone for a semester or even a year. There would be PR benefits and it avoids confronting the more fundamental and difficult question of what the the price of education should be. Are any ivies considering this move ?