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I did the analysis for Princeton once - the average out of pocket cost was $15,000 per year. That has remained constant even as sticker prices (and the cost per
by hnmullany 4y ago
I did the analysis for Princeton once - the average out of pocket cost was $15,000 per year. That has remained constant even as sticker prices (and the cost per student) has escalated.
What people don't appreciate is how much expense per student has skyrocketed in the last 20 years. Princeton has about 100 more student sports staffers, and spends about $45,000 per year per student in student services. Library expenses have also escalated far faster than inflation.
- Clubber 4y agoI went to a state school in the mid 90s and I remember seeing a breakdown of tuition costs. Half of the cost was whatever the school council / student body decided was a good idea over the years. I can't imagine the percentage it is now. It was a good lesson in politics and political spending / budgeting.