4 ms·

Boston University - $51,574 for the 2011 year https://www.bu.edu/articles/2010/tuition-room-and-board-to-rise-3-65-percent/#:~:text=Tuition%20and%20room%20and%2

Boston University - $51,574 for the 2011 year https://www.bu.edu/articles/2010/tuition-room-and-board-to-rise-3-65-percent/#:~:text=Tuition%20and%20room%20and%20board,for%20basic%20room%20and%20board https://www.bu.edu/articles/2010/tuition-room-and-board-to-r.... Boston University - $79,760 for the 2022 year https://www.bu.edu/admissions/tuition-aid/tuition/ https://www.bu.edu/admissions/tuition-aid/tuition/ How did BU get ~$30k more expensive, per year, in 11 years? What will it be in 10 more years - $120k per year? This is absurd. It's cheaper to buy your child two Porsche sports cars and attend state school than it is for 4 years at BU

paxys 5y ago
Well inflation itself makes up for $20K of that. And Boston is fast becoming the most expensive city in the country. Add on the fact that BU is a private college. Tuition + housing at UMass is $30K/yr.
- polskibus 5y ago
  Acc https://www.in2013dollars.com/Boston-Massachusetts/price-inflation/2012-to-2022?amount=50000 https://www.in2013dollars.com/Boston-Massachusetts/price-inf... Inflation is just 10k over those 10 yrs.
  - paxys 5y ago
    This site puts inflation in Boston at 4.6% in 2022 while national CPI is close to twice that. I'm not buying it.
eweise 5y ago
supply vs demand.
paganel 5y ago
At first I thought that sum was for the entire cycle/duration, but even 51k per year was predatory, nevermind 80k like it is now. Multiplied by 4 (let's say), that's 320k, you add some other costs that I guess are not part of the tuition and I can see that easily getting to 400k, even half a million. Stuff like this will be the intellectual ruin of the US university system.
polskibus 5y ago
Could it be indirectly related to massive increase in housing costs over those years ? https://fred.stlouisfed.org/series/ATNHPIUS14454Q https://fred.stlouisfed.org/series/ATNHPIUS14454Q
taylodl 5y ago
Do the math - that's basically a 4% increase per year. Now put that math to work for your retirement! :)
willturman 5y ago
$51,574 in 2011 to $79,760 in 2022 represents a growth rate of ~4.04% $51,574 invested into the S&P 500 in 2011 would be worth more than $225,000 today. BU enrollment was 32,727 in 2011, and is currently 33,678. I'm surprised it hasn't gone up considerably more.
- Damogran6 5y ago
  A 4 year BS is $320,000 without Room and Board. That's what my mortgage was 22 years ago. I have 30 years to pay that off, and I can live in it while doing so. (Now, multiply by the number of children you have, in my case, 2.)
- hitpointdrew 5y ago
  Comparing tuition to the growth of the S&P 500, or any fund or stock for that matter, is like comparing a first class dining experience to a computer, the two have nothing in common. Why would you expect education costs to move with the value of public businesses? How does that make any sense? A businesses worth has actually gone up (acquired assets, generating more revenue, etc.), has the value of a college education gone up 400% from 2011 to 2022? Because that is what you seem to be suggesting. Are new grads from BU on average making 400x what they were in 2011? Even going from $51k to $79K that's about a 47% increase, is BU college education 47% better today than it was in 2011? Probably not.
WalterBright 5y ago
With high school math, you can figure out what percent increase that is per year: ((79760/51574)^(1/11) - 1) * 100 = 4% In 20 more years: 79760 * 1.04^10 = $118000 Your guess is pretty good.

paxys 5y ago

Well inflation itself makes up for $20K of that. And Boston is fast becoming the most expensive city in the country. Add on the fact that BU is a private college. Tuition + housing at UMass is $30K/yr.

polskibus 5y ago
Acc https://www.in2013dollars.com/Boston-Massachusetts/price-inflation/2012-to-2022?amount=50000 https://www.in2013dollars.com/Boston-Massachusetts/price-inf... Inflation is just 10k over those 10 yrs.
- paxys 5y ago
  This site puts inflation in Boston at 4.6% in 2022 while national CPI is close to twice that. I'm not buying it.

eweise 5y ago

supply vs demand.

paganel 5y ago

At first I thought that sum was for the entire cycle/duration, but even 51k per year was predatory, nevermind 80k like it is now. Multiplied by 4 (let's say), that's 320k, you add some other costs that I guess are not part of the tuition and I can see that easily getting to 400k, even half a million. Stuff like this will be the intellectual ruin of the US university system.

polskibus 5y ago

Could it be indirectly related to massive increase in housing costs over those years ? https://fred.stlouisfed.org/series/ATNHPIUS14454Q https://fred.stlouisfed.org/series/ATNHPIUS14454Q

taylodl 5y ago

Do the math - that's basically a 4% increase per year. Now put that math to work for your retirement! :)

willturman 5y ago

$51,574 in 2011 to $79,760 in 2022 represents a growth rate of ~4.04% $51,574 invested into the S&P 500 in 2011 would be worth more than $225,000 today. BU enrollment was 32,727 in 2011, and is currently 33,678. I'm surprised it hasn't gone up considerably more.

Damogran6 5y ago
A 4 year BS is $320,000 without Room and Board. That's what my mortgage was 22 years ago. I have 30 years to pay that off, and I can live in it while doing so. (Now, multiply by the number of children you have, in my case, 2.)
hitpointdrew 5y ago
Comparing tuition to the growth of the S&P 500, or any fund or stock for that matter, is like comparing a first class dining experience to a computer, the two have nothing in common. Why would you expect education costs to move with the value of public businesses? How does that make any sense? A businesses worth has actually gone up (acquired assets, generating more revenue, etc.), has the value of a college education gone up 400% from 2011 to 2022? Because that is what you seem to be suggesting. Are new grads from BU on average making 400x what they were in 2011? Even going from $51k to $79K that's about a 47% increase, is BU college education 47% better today than it was in 2011? Probably not.

WalterBright 5y ago

With high school math, you can figure out what percent increase that is per year: ((79760/51574)^(1/11) - 1) * 100 = 4% In 20 more years: 79760 * 1.04^10 = $118000 Your guess is pretty good.