5 ms·
Not typical (tuition was high when I went there relative to similarly ranked schools), but also probably not the most expensive school. Today's rate for the lo
by skuhn 5y ago
Not typical (tuition was high when I went there relative to similarly ranked schools), but also probably not the most expensive school.
Today's rate for the lower tier 1 private university I attended would be:
Bachelor's: $74,180 per year x 4 = $296,720
Master's: $50,787 per year x 2 = $101,574
Total: $398,274
This is in one of the poorest large cities in the US, so that is WAY out of reach for local residents (without substantial financial aid, which is why I attended).
Tuition goes up every year, so it would actually cost more than this. It's been two decades since I enrolled, and the cost per credit hour has gone from about $900 to $2186 in that time.
For undergraduate that includes room, board, books, fees and tuition. For graduate it's just tuition and fees.
- burntoutfire 5y agoDon't a lot of elite universities have student aid, where, if you can't afford to study there, you'll be able to do it practically for free?
- inkeddeveloper 5y agoIn the US? No.
- skuhn 5y agoSure, you can receive financial aid -- I mentioned that that's why I attended that school. However, it isn't without strings attached and even most full ride scholarships don't account for the annual tuition increases. For anything else, there are student loans. Easy to get, hard to get rid of. They have higher interest rates than mortgages, and people take similarly long periods of time to pay them off. I know people who still owe tens of thousands on their undergraduate loans, decades after graduation. They work, they make payments, but they may never pay them off.
- antifa 5y agoThat's the price of 2 houses. If I had that student debt right now, there's no way I would be able to buy a house.
- skuhn 5y agoExactly. An entire generation is saddled by massive student loan debt, and that has a very real impact on their economic situation for the rest of their lives.