“Based on my experience as the vice president for finance and administration at a prominent college in the early 2000s, I suggest that the answer is simple: Top private institutions charge what they do because a substantial number of people will pay it.”
Only a small number of people actually pay the full retail price. For others—folks who buy stuff on sale (and there’s always a sale), or who get financial aid—one of the reasons these institutions are attractive because it feels like they’re getting a deal.
Here’s a mini round-up of stories of interest to consumers of the value-conscious persuasion.
The economy has had its ups and downs—OK, mostly downs of late. Here, some statistics showing the economic fallout on all sorts of things, including cheap booze sales (they’re up), military recruits with college degrees (also up), and excuses for getting out of jury duty (way up).
A growing number of colleges are allowing would-be students to use fast-track applications, and in some cases that means that all a high school senior needs to do put a signature on the page. Application done. No forms to fill in, no recommendations to gather, no application fee, no essay. Just sign here.
Major colleges and universities like Yale, MIT, and Cal-Berkeley offer online courses, lectures, and class notes free to the public. You won’t earn credit—but you won’t spend a penny either. And you could actually learn something. Who needs an actual degree anyway, right?
At $50 or more a pop, college application fees can quickly add up, especially if you’re covering your bases by applying to lots of “safety” and “reach” schools.
A simply hilarious and insightful quote: “It is commonly said that buying a house is the biggest purchase most Americans will ever make. Having a baby is like buying six houses. Except that they don’t increase in value, you can’t sell them and after 16 years they’ll probably say they hate you.”
Going to college—the best college possible—used to be a no-brainer. But now, in light of the big loans and bad job prospects recent grads are facing, perhaps the equation has changed.
For whatever reason, going back to school is associated with pushing one’s credit card to the limits. Perhaps not so much this year. Back-to-school spending is expected to be down nearly 8 percent compared to last year. Here are ten links that may help you save more than the average pupil.
The second part of the new credit-card law is aimed at helping college kids and other younger folks stay out of debt. Banks aren’t allowed to issue cards to anyone under age 21 unless the person has a co-signer or demonstrates independent means to pay bills. That part of the law won’t go into effect until February. Until then, kids can …