Quantcast

Private college is seriously expensive...

sstalder5

Turbo Monkey
Aug 20, 2008
1,942
20
Beech Mtn Definitely NOT Boulder
My bill for my first year at Lees-McRae came today... $29,964.00 :shocked:

Luckily I have $21,900 in scholarships, but holy sh!t!!! My friends going to public schools are paying between $8,000-$15,000 for what is basically the same education.:think:
 

Toshi

Harbinger of Doom
Oct 23, 2001
38,446
7,818
My wife is going to NYU for her masters. That's expensive.
 

buildyourown

Turbo Monkey
Feb 9, 2004
4,832
0
South Seattle
Anything out-of-state is stupid now. All the states jacked the rates.
To anybody paying on credit: Do the math. $100k in student loans will hold you back for a LONG time. And yes, you can put a price on education.
CC for the win personally. My very limited classroom time education has been very good to me.
 

chuffer

Turbo Monkey
Sep 2, 2004
1,570
912
McMinnville, OR
Why is the price of uni / college education so high in Amerika? Sure as hell can't be because of all the doors it opens for you these days.
 

Bicyclist

Turbo Monkey
Apr 4, 2004
10,152
2
SB
I couldn't even afford public in-state tuition if it weren't for grants/scholarships. Then again I'm in CA so everything's expensive.
 

sanjuro

Tube Smuggler
Sep 13, 2004
17,373
0
SF
U payin so much cause yo r fuking stoopid! I dont go to college and I be way smarter than U, dumass.
 

chuffer

Turbo Monkey
Sep 2, 2004
1,570
912
McMinnville, OR
the girl in the underwear on tv said you can make $1mil more in a lifetime
I was actually thinking more along the lines of what do tuition costs cover? How much is the admin cost per student? How much of each students tuition does into an associate Prof's pocket? Assistant Prof? Dean? Sports? Graft? Gross revenue of a school taking in $30k a head (Northwestern for example is around that price point...probably higher) for 20k students (grad + under grad + prof at NW was around 20k for 06-07) is 600 Million dollars per year! Where does that money go?

(I chose NW for no particular reason...)
 

BikeMike

Monkey
Feb 24, 2006
784
0
I have no data on how much, but at least some money at good schools goes to the research projects of the professors. The guys who are at the top of their field want to work on problems they find interesting, which typically takes money. Facilities and maintenance on all of the buildings would add up too. Lots of small costs. Scholarships are definitely your friend.
 

Toshi

Harbinger of Doom
Oct 23, 2001
38,446
7,818
Do the math. $100k in student loans will hold you back for a LONG time. And yes, you can put a price on education.
I agree with this.
Isn't NYU like in the top 5 most expensive schools in the country? :twitch:
This is also true. Way more per year for her NYU masters than for my (admittedly some time ago) Harvard undergrad.

How can the two be reconciled?

Well, my wife will never make back the price of the loans. No way, no how will a masters either get her a performance or a teaching job that pays sufficiently more per year than the equivalent job sans masters to allow her to make up the balance of the student loans.

The catch is that she won't be paying them off--I will, and we'll still do just fine. Since NYU has a good music program (she's doing clarinet performance), one of the few benefits of living in Long Island is proximity to NYC, and because she auditioned and got in we will be ponying up to make the most of our time here.
 

ALEXIS_DH

Tirelessly Awesome
Jan 30, 2003
6,147
796
Lima, Peru, Peru
the private school i went to was $26k 7-8 years ago. i qualified for zero scholarships/grants
when i went to school 8 years ago in the states, it was $28k a year.
i was a foreign student, no scholarships, no grants, no finantial aid.
and the money was coming from peru, which is comes about a middle-class apartment-worth a year... take that.

(i thought it was a rip off, i would have been WAAAAAAAAAAAAAAAAAY better off going (cheaper and more awesomer places) to school in the alps or england).
 

binary visions

The voice of reason
Jun 13, 2002
22,102
1,153
NC
There are plenty of good reasons to pursue an expensive education, but I think most of them revolve around knowing what you want to do and going to a school that is specifically going to give you a better education in that area.

The primary focus of my degree was a Cisco Academy curriculum, so Cisco drives the teaching material, labs, books/equipment, etc. So I could have gone to Duke for this program, to the tune of $36k/year. Instead I went to East Carolina for $4k/year. Probably doesn't look as nice on my resume as Duke but I incurred no debt to get my degree and got the same education.

I just don't think people make rational decisions when picking schools. Better school doesn't always make it better for each person individually. A woman I worked with had a daughter who screwed around at NYU for three years without ever picking a major. Graduated after 5 years with a degree in sociology, no idea what she wanted to do, and an enormous mountain of debt.
 

dante

Unabomber
Feb 13, 2004
8,807
9
looking for classic NE singletrack
Well, my wife will never make back the price of the loans. No way, no how will a masters either get her a performance or a teaching job that pays sufficiently more per year than the equivalent job sans masters to allow her to make up the balance of the student loans.
My wife got her masters at NYU, but she was lucky enough to get a scholarship for 50% of it, and her job picked up about 45%, so she left there with hardly any (on a relative basis) loans. :weee:

Without a masters she definitely wouldn't have gotten the job that she's in now, and the fact that it was from NYU at the very least made it *easier* to get it. I'm not sure if in the long run it would have paid off the $100k in loans that she would have had to take out to do it all on her own, or how much harder it would have been to get her current job with a masters from somewhere else, but it definitely was a positive for her...

the private school i went to was $26k 7-8 years ago. i qualified for zero scholarships/grants
Schools have been jacking up the cost of tuition and then handing out more scholarships and need-based grants. Very few people pay the full tuition at a private school, and those that do subsidize those who can't afford to pay the full amount. It's sort of a "wealth redistribution" plan, but since that SOUNDS LIKE SOCIALISM :rant: they try to keep it quiet...
 

sstalder5

Turbo Monkey
Aug 20, 2008
1,942
20
Beech Mtn Definitely NOT Boulder
I just found out they're going to renovate our bike room with secure storage, computrainers, bike washing stations, and other goodies. Also they just finished a new fitness center, so I'd say I'm pretty happy with how they're spending all that money. :D
 

slopoke

Chimp
Jun 17, 2009
19
0
Tx
didnt go to college so I incurred 0$ of tuition cost, but was lucky enough to get a really good job. My current company will also pay for college so I will be going to college to in the next couple of years.
 

gsweet

Monkey
Dec 20, 2001
733
4
Minnesota
Going to a small, lib-arts school is only useful if you know what you want to do (i.e. be able to select the school and fully take advantage of its resources). Otherwise, you're just incurring thousands of dollars of debt to dick around and eventually get a degree in Art History or something. My undergrad was a small (<2500 people) lib-arts school at about 35-40k a year. I had some money saved up, so I came out of it with only 20k of debt (almost payed off now). However, because I knew what I wanted to get into, and because I selected the school based on those preferences, my money was well spent. Had I gone to a state school, I would have saved cash, but I wouldn't have been able to make connections with my professors and really gain useful experience in my field as an undergrad. Case in point, my senior year igneous petrology class had 3 people in it (including myself), and I spent most of my time either in the field, or using the schools geochemistry lab equipment (SEM-EDS/XRF/XRS/etc). I wouldn't have had any of that experience at a state school...:thumb:
 

IH8Rice

I'm Mr. Negative! I Fail!
Aug 2, 2008
24,524
494
Im over here now
Gross revenue of a school taking in $30k a head (Northwestern for example is around that price point...probably higher) for 20k students (grad + under grad + prof at NW was around 20k for 06-07) is 600 Million dollars per year! Where does that money go?

(I chose NW for no particular reason...)
dont forget about all the money in the school's endowment
Harvard has something like $25bil in endowments

Schools have been jacking up the cost of tuition and then handing out more scholarships and need-based grants. Very few people pay the full tuition at a private school, and those that do subsidize those who can't afford to pay the full amount. It's sort of a "wealth redistribution" plan, but since that SOUNDS LIKE SOCIALISM :rant: they try to keep it quiet...
my family paid the full tuition cost and im sure it did help subsidize the students who qualified for grants and what not.

my grades in HS werent great so i didnt qualify for really any scholarships and my family was on the wrong end of the financial scale to qualify for grants.


all colleges in ireland are free haha
and worth every penny :rofl:
 

DirtMcGirk

<b>WAY</b> Dumber than N8 (to the power of ten alm
Feb 21, 2008
6,379
1
Oz
Try private medical school.
My best friend is $500k upside down for four years.

I paid about $180k for my 3 years of law school.
 

sanjuro

Tube Smuggler
Sep 13, 2004
17,373
0
SF
Well my sister went to Yale for Pre-Med.

In her senior year, she tells our parents that she doesn't want to be a doctor but a teacher.

My father flips. He made the point that she could have gone to any school and become a teacher. For example, she could have attended Cornell, which is in-state for us, and received 5k in scholarships.

My sister, btw, is now a high ranking official in SFUSD.

I be still way smarter that her b*tch ass thouf.
 

IH8Rice

I'm Mr. Negative! I Fail!
Aug 2, 2008
24,524
494
Im over here now
Well my sister went to Yale for Pre-Med.

In her senior year, she tells our parents that she doesn't want to be a doctor but a teacher.

My father flips. He made the point that she could have gone to any school and become a teacher. For example, she could have attended Cornell, which is in-state for us, and received 5k in scholarships.

My sister, btw, is now a high ranking official in SFUSD.

I be still way smarter that her b*tch ass thouf.
thankfully she steered away from the stereotypical asian path of being a engineer


i majored in business...go figure
 

Silver

find me a tampon
Jul 20, 2002
10,840
1
Orange County, CA
Well my sister went to Yale for Pre-Med.

In her senior year, she tells our parents that she doesn't want to be a doctor but a teacher.

My father flips. He made the point that she could have gone to any school and become a teacher. For example, she could have attended Cornell, which is in-state for us, and received 5k in scholarships.

My sister, btw, is now a high ranking official in SFUSD.

I be still way smarter that her b*tch ass thouf.
Your dad should have thought about that BEFORE writing the big ass checks...

Americans are retarded with what they spend on colleges. It's ok though, because they are all going to be making more than a million a year before they are 30.
 

manimal

Ociffer Tackleberry
Feb 27, 2002
7,212
17
Blindly running into cactus
I made money while going to college...well, for all but my last semester when my GI Bill ran out. I went to one of the most expensive private college's in the area as well...thank you pell grant and Federal Perkins Loan (no repayment as long as I stay in law enforcement for 5 years after my last class :thumb: )

and yes...i still think it's waaaaay overrated.
 
Last edited:

AngryMetalsmith

Business is good, thanks for asking
Jun 4, 2006
21,250
10,230
I have no idea where I am
I made money while going to college...well, for all but my last semester when my GI Bill ran out. I went to one of the most expensive private college's in the area as well...thank you pell grant and Federal Perkins Loan (no repayment as long as I stay in law enforcement for 5 years after my last class :thumb: )

and yes...i still think it's waaaaay overrated.
Jeebus dude, are you still bitter about having to attend a Gay Pride march for Hippy Class credit ? Or was it the whole " you can't wear your oppressive police uniform to Hippy class " lecture ? :D
 

dante

Unabomber
Feb 13, 2004
8,807
9
looking for classic NE singletrack
I made money while going to college...well, for all but my last semester when my GI Bill ran out. I went to one of the most expensive private college's in the area as well...thank you pell grant and Federal Perkins Loan (no repayment as long as I stay in law enforcement for 5 years after my last class :thumb: )
Be sure to say "thank you" to the American taxpayer along with the socialized system that takes other people's money and gives it to you for education. ;)
 

manimal

Ociffer Tackleberry
Feb 27, 2002
7,212
17
Blindly running into cactus
Jeebus dude, are you still bitter about having to attend a Gay Pride march for Hippy Class credit ? Or was it the whole " you can't wear your oppressive police uniform to Hippy class " lecture ? :D
no, it was the "people put this much emphasis on stuff i thought everyone already knew?" ;)

and yes dante...i'm very pleased that my tax dollars have served me so well. i like to pretend that those grants and loans came from my "taxes paid" account, makes me feel all warm and fuzzy inside.
 
Last edited:

JRogers

talks too much
Mar 19, 2002
3,785
1
Claremont, CA
Going to a small, lib-arts school is only useful if you know what you want to do (i.e. be able to select the school and fully take advantage of its resources). Otherwise, you're just incurring thousands of dollars of debt to dick around and eventually get a degree in Art History or something. My undergrad was a small (<2500 people) lib-arts school at about 35-40k a year. I had some money saved up, so I came out of it with only 20k of debt (almost payed off now). However, because I knew what I wanted to get into, and because I selected the school based on those preferences, my money was well spent. Had I gone to a state school, I would have saved cash, but I wouldn't have been able to make connections with my professors and really gain useful experience in my field as an undergrad. Case in point, my senior year igneous petrology class had 3 people in it (including myself), and I spent most of my time either in the field, or using the schools geochemistry lab equipment (SEM-EDS/XRF/XRS/etc). I wouldn't have had any of that experience at a state school...:thumb:
Another thing I'd add to that is small liberal arts schools are not worth it if they are a financial stretch for the person attending and they are not an upper level school. I guess that's kind of what the thread starter was saying. Mid and lower level small schools charge huge amounts for tuition for not much of an educational or outcome benefit.

I went to an expensive liberal arts school, didn't know what I wanted to do and didn't get a whole lot of scholarships...but the school is usually in the top 5 of the rankings and my parents had the money and paid for it. Since then I've gone to graduate school and my degree and school I went to served me pretty well. Never would have gone there if my family's financial situation were different.