Fifty Thousand per year? How about a whole degree for thirty-five?

Monday, March 29, 2010 by Douglas Cooper
I first heard about top-flight college and universities topping the $50,000 per year mark a couple of weeks ago. The first one to announce corssing this threshold was Boston University (I think), followed quickly by Dartmouth (unique among NH colleges & universities to cross this benchmark), Mount Holyoke, and Tufts, among others.

Most folks that mention this on talk radio and other media do so with overt disgust and contempt.  The cost of higher education is portrayed as an extortion with impunity by unscrupulous professors and bloated administrations. One could even argue that the announcements of astronomical cost to attend the aforementioned institutions and their ilk is to some extent fashionable; certainly, if I were running Brandeis University and neighboring Wllesley College announced that they cost more than $50k, what would it say about Brandeis if we don't cost more than fifty? 

Expressions of pity for the parents of high school graduates usually follow, but I feel there are two important points that commentators miss, whether acciedntally or deliberately. First - the very parents for whom they express their spendthrift sympathies are likely to be the ones demanding the state-of-the-art facilities and accommodations that have contributed heavily to the steady rise in these tuition and room-and-board totals. That top-flight schools and even some state schools have sushi bars and world-class fitness centers is demanded by the marketplace, rather than artificially dreamed up and foisted upon the higher education public.

The second point that commentators seem to regularly pass over is that there are still far more ways to obtain an affordable bachelor degree than an inaffordable one. It reminds me of the joke where a guy goes to his doctor and says, "Doctor - it hurts when I do this," and the doctor replies "Well, don't do that." If attending Holy Cross and staying on campus and having a meal plan costs more than you can afford, then don't go there. The idea that if you don't go to Holy Cross or Amherst that you won't get a decent education, or worse, that if you can't afford to send your child to one of those places that you are somehow inadequate or a failure, is stupid at best and destructive at worst.

Maybe this kind of discussion gets my hackles to stand up because I attended a public college myself - not a New Hampshire state university, mind you - but the flagship of a nearby system. I wouldn't trade my undergraduate education and experience for anything, and it would be a shame if folks, whether straight out of high school, or looking for Adult college classes, didn't consider public schools, i.e. Granite State College, which are particularly designed to be affordable, accessible, etc.

Fifty thousand a year? Really? Even when a students comes into my office starting from scratch, we can work out a  plan that can finish off the degree for less than $35,000 total.

If that works better for your budget and prevents you from having to take out a second mortgage, drop me an email, and we can talk about that some more.


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