Monday, July 23, 2012

Colleges gone wild - As my sons inch towards graduation, I'm getting more and more concerned about stories like this, via Maggie's Farm: "In 2003, only two colleges charged more than $40,000 a year for tuition, fees, and room and board; by 2009, 224 were above that mark. And now many are inching toward (or past) $50,000 a year."  Why is tuition skyrocketing?  In part because colleges are re-branding themselves as country clubs instead of places for higher education and personal growth.


John Cunningham said...

you and your son should think long and hard about taking on any loans. if he is academically bright, and interested in a valid major, you should insist that he do the first two years at a community college, living at home. this should minimize the financial hit.
taking on huge debt to send a kid to 4 years of dorms and beer bongs for a bogus major is lunacy.

Eric said...

I went to Rutgers and my first couple years were pretty sparse: dorm life and studying at Alexander Library. Then the other day I read that Rutgers has a special lounge for juniors and seniors to sit around and watch TV. WTF?