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The best and the brightest (let's say 16%^) are going to go to college because of scholarships, etc. But as to the other 80% of high school graduates? Right n
by ZachPruckowski 17y ago
The best and the brightest (let's say 16%^) are going to go to college because of scholarships, etc. But as to the other 80% of high school graduates? Right now, 65-70% of high school graduates are going to college. That means that 49-54% of the college population isn't "the Best and the Brightest", and can't count on scholarships to anything but lower-tier schools.
While public schools are cheap now, at a tuition increase rate of 6%, those tuitions are doubling every 12 years. At those rates, the tuition of a child born today will be 3.2x current tuition.
We've got to do something, because 70% of the country simply won't be able to afford to send their child to college at those sorts of prices, especially with the earning power advantage disappearing. As it is, you have to plan years in advance for college. Doubling the costs is going to make it impossible for at least some Americans to go to traditional college.
^ - 16% is one or more standard deviations above the mean, which means 1230+ on the old SAT, or 115+ IQ, to give you an idea.