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Wait … did I read that right? $40k Per semester? Guess I haven't looked at tuitions in a while.

by gffrd 4y ago

ceejayoz 4y ago
Virtually no one pays full list price for college tuition.
- JackFr 4y ago
  That's not true.
  - ceejayoz 4y ago
    https://www.oberlin.edu/admissions-and-aid/tuition-and-fees https://www.oberlin.edu/admissions-and-aid/tuition-and-fees > Each year, more than two-thirds of Oberlin students receive some form of need-based financial assistance. Our three-part award package typically includes grants from the college, low-interest students loans, and work-study jobs. My school gave $10k "merit-based scholarship" to everyone, as the ACT/SAT score threshold for that aid was well below the threshold for admission. https://www.businessinsider.com/personal-finance/college-expensive-most-students-dont-pay-full-cost https://www.businessinsider.com/personal-finance/college-exp... > As Paul Tough reports for New York Times Magazine, 89% of students don't pay full price, and giving students a break has caused some colleges to operate at a loss. > The average freshman student in the class of 2018 at one of these private nonprofit universities will get a discount of 50%, he reports.
    - JackFr 4y ago
      As a parent who has paid full freight for two children, I’m happy to have saved and I’m happy to command a salary that makes me ineligible for most aid. That being said, I do not own a house, I do not own a car and while my 401k is reasonably funded it’s my only asset. I too believed that no one paid full freight until it was my time to step up, and the financial aid package provided was. . . loans. When they say 89% of students receive aid, the bulk of that is in the form of subsidized loans. And 11% is not an insignificant number.
      - ceejayoz 4y ago
        > When they say 89% of students receive aid, the bulk of that is in the form of subsidized loans. That doesn't appear to be the case. https://www.nacubo.org/Press-Releases/2022/Tuition-Discount-Rates-at-Private-Colleges-and-Universities-Hit-All-Time-Highs https://www.nacubo.org/Press-Releases/2022/Tuition-Discount-... "In the 2021 NACUBO Tuition Discounting Study, 359 private, nonprofit colleges and universities reported an estimated 54.5 percent average institutional tuition discount rate for first-time, full-time, first-year students in 2021-22 and 49 percent for all undergraduates—both record highs. By providing grants, fellowships, and scholarships, these institutions forgo about half the revenue they otherwise would collect if they charged all students the tuition and fee sticker price." (Note that this article specifically indicates 82.5% received grant aid.) > And 11% is not an insignificant number. It is, as much of that will be international students.
- gffrd 4y ago
  So college is now like medical procedures / car dealerships, where the price exists to set a value perception, nobody pays it, and everybody loses?
throwoutway 4y ago

Wait … did I read that right? $40k Per semester? Guess I haven't looked at tuitions in a while.

by gffrd 4y ago

Wait … did I read that right? $40k Per semester? Guess I haven't looked at tuitions in a while.

ceejayoz 4y ago

Virtually no one pays full list price for college tuition.

JackFr 4y ago
That's not true.
- ceejayoz 4y ago
  https://www.oberlin.edu/admissions-and-aid/tuition-and-fees https://www.oberlin.edu/admissions-and-aid/tuition-and-fees > Each year, more than two-thirds of Oberlin students receive some form of need-based financial assistance. Our three-part award package typically includes grants from the college, low-interest students loans, and work-study jobs. My school gave $10k "merit-based scholarship" to everyone, as the ACT/SAT score threshold for that aid was well below the threshold for admission. https://www.businessinsider.com/personal-finance/college-expensive-most-students-dont-pay-full-cost https://www.businessinsider.com/personal-finance/college-exp... > As Paul Tough reports for New York Times Magazine, 89% of students don't pay full price, and giving students a break has caused some colleges to operate at a loss. > The average freshman student in the class of 2018 at one of these private nonprofit universities will get a discount of 50%, he reports.
  - JackFr 4y ago
    As a parent who has paid full freight for two children, I’m happy to have saved and I’m happy to command a salary that makes me ineligible for most aid. That being said, I do not own a house, I do not own a car and while my 401k is reasonably funded it’s my only asset. I too believed that no one paid full freight until it was my time to step up, and the financial aid package provided was. . . loans. When they say 89% of students receive aid, the bulk of that is in the form of subsidized loans. And 11% is not an insignificant number.
    - ceejayoz 4y ago
      > When they say 89% of students receive aid, the bulk of that is in the form of subsidized loans. That doesn't appear to be the case. https://www.nacubo.org/Press-Releases/2022/Tuition-Discount-Rates-at-Private-Colleges-and-Universities-Hit-All-Time-Highs https://www.nacubo.org/Press-Releases/2022/Tuition-Discount-... "In the 2021 NACUBO Tuition Discounting Study, 359 private, nonprofit colleges and universities reported an estimated 54.5 percent average institutional tuition discount rate for first-time, full-time, first-year students in 2021-22 and 49 percent for all undergraduates—both record highs. By providing grants, fellowships, and scholarships, these institutions forgo about half the revenue they otherwise would collect if they charged all students the tuition and fee sticker price." (Note that this article specifically indicates 82.5% received grant aid.) > And 11% is not an insignificant number. It is, as much of that will be international students.
gffrd 4y ago
So college is now like medical procedures / car dealerships, where the price exists to set a value perception, nobody pays it, and everybody loses?

throwoutway 4y ago