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How do colleges get away with charging 60K+? (1 Viewer)
- Thread starter bosoxs45
- Start date
AAABatteries
Footballguy
Same reason some restaurants charge $300-$500. There's somebody willing to pay it.
RUSF18
Footballguy
At least you're getting the shot at an elite education at that price (although BU seems like an outlier, no offense intended). There are schools that are $45K that are barely above community college standards. That's the bigger travesty and I can't believe some parents pay for their kids to go there.
Andy Dufresne
Footballguy
P.T. Barnum didn't say it, but he should have...
"There's a sucker born every minute."
"There's a sucker born every minute."
mr. furley
Footballguy
when did kids stop paying for their own college education?
Schools with big endowments provide significant financial aid to many students. With an AGI under 75k, Princeton, Yale, Harvard and Stanford are free. MIT & Duke are cheap. Even at 200k AGI, many schools give financial aid. Many parents can afford the expense. But it's not a good idea to go into big debt just for the name of a private school. Many students would do just as well at a good state school or CC.
NutterButter
Footballguy
If you've got it, you got to spend it on something
Hilts
Footballguy
Yep. The great students pay about what they used to. College rates have mostly only skyrocketed for rich folk who can afford it or kids aiming for a college they're realistically not quite good enough for.
Pigskin Fanatic
Footballguy
curious what u mean by this. aid is provided, for the most part, based on performance and i would imagine no more than top half of all students qualify and probably less than top 10% qualify for the big aids in form of scholarships and what not. i had public education and even then the aids phased out quickly if i wasn't making the curve (albeit this was long time ago when a gas was $1/gal). agree with the first part of ur statement that great students are probably not seeing this kind of a bill. even public education seems to have gone up by roughly 50% in the last 20ish years.
There is some scholarship money, but I believe most aid is based on need and the school endowment. That's why most private schools are not need blind when it comes to acceptance. They need to balance students who can afford to pay with students who will require grants or loans and are less likely to attend, if accepted. Schools that are need blind (BU is one) will not always meet the student's financial needs, but they have a good idea from past years of the distribution of income levels and student decisions. A student accepted at both Harvard & BU will almost always get more financial aid at Harvard. State schools should be need blind. State universities in Florida are among the most affordable in the nation - about $6,500 yearly tuiton & fees for a full time students.
GroveDiesel
Footballguy
The follow-up travesty is that for many of those undergrad classes that they're paying huge money for, they're paying for a professor to spend time writing papers and doing research while the students are being taught by TAs. Pretty crazy to spend $45-60k a year and be taught by someone that is only a few years older and not a whole lot more educated.
James Daulton
Footballguy
Andy Dufresne
Footballguy
There's a sucker born every minute" is a phrase closely associated with P. T. Barnum, an American showman of the mid-19th century, although there is no evidence that he said it. Early examples of its use are found instead among gamblers and confidence men
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E Street Brat
Footballguy
E Street Brat
Footballguy
Student loans are backed by government. So with guaranteed payment they can charge whatever they want.
Big Oil
Big Pharma
Big Education
It's all a scam.
