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Post by HC92 on Mar 27, 2024 21:05:05 GMT -5
At Boston University, the price tag includes $66,670 in tuition, $19,020 for housing and food and the cost of books and other fees for a whopping total of $90,207 for the 2024-2025 academic year.
That represents a 42% jump from 10 years ago where the total cost was $63,644, The Globe reported.
Cost of attendance at Tufts in Medford will be $91,888, according to estimates on the school’s website. Yale University in New Haven, Conn. will cost $90,975 next year.
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Post by CHC8485 on Mar 27, 2024 21:29:19 GMT -5
And don’t leave out Wellesley coming in at an $92,060 for tuition room board & fees.
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Post by alum on Mar 28, 2024 5:35:16 GMT -5
The good news for families is that all of those schools state that they meet 100% of need.
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Post by Tom on Mar 28, 2024 8:05:33 GMT -5
At Boston University, the price tag includes $66,670 in tuition, $19,020 for housing and food and the cost of books and other fees for a whopping total of $90,207 for the 2024-2025 academic year. That represents a 42% jump from 10 years ago where the total cost was $63,644, The Globe reported. Cost of attendance at Tufts in Medford will be $91,888, according to estimates on the school’s website. Yale University in New Haven, Conn. will cost $90,975 next year. Fortunately for you, you don't have teenaged children to make these high costs a concern to you.. Oh wait - you do have high school and college age kids. Maybe you can hit Powerball
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Post by WCHC Sports on Mar 28, 2024 8:20:10 GMT -5
My daughters will learn to be a plumber and an electrician. They'll have a contracting business and be tasked to build the next dorm for all the lunatics that can actually afford to pay for college in 12 years.
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Post by purplehaze on Mar 28, 2024 8:26:55 GMT -5
Has HC announced what their 'msrp' will be for 24-25 - probably not quite at 90k but well into the 80's I'd guess
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Post by Sons of Vaval on Mar 28, 2024 8:43:09 GMT -5
Yikes. Guess it's time to up our contribution to the 529.
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Post by gks on Mar 28, 2024 8:47:40 GMT -5
A financial advisor once told the parents of my kids graduating class that you're better off being poor than saving every penny when it comes to college.
We all know very few pay sticker price for college. I'm convinced schools like BU, Tufts and Wellesley see these prices as a badge of honor.
IMO it's time to either require colleges to keep costs down or lose federal funding and be prepared to pay taxes. They are no longer non-profits.
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Post by KY Crusader 75 on Mar 28, 2024 8:59:14 GMT -5
Re: brands, my experience with marketing consumer products is that in the consumer’s mind the strongest indicator of quality is price. I’ll guess that HC will want to be one of the most expensive (list price) colleges to avoid conveying that it is of lower quality.
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Post by hc6774 on Mar 28, 2024 9:45:15 GMT -5
IIRC in the mid/late 80's, a period of high inflation, HC offered a 2 yr prepayment plan that was based on the current yr's costs.
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Post by hcpride on Mar 28, 2024 10:06:24 GMT -5
Re: brands, my experience with marketing consumer products is that in the consumer’s mind the strongest indicator of quality is price. I’ll guess that HC will want to be one of the most expensive (list price) colleges to avoid conveying that it is of lower quality. That’s a very good point and one administrator from SUNY Stony Brook once told me the same. It took a while for his school but once the bright NYC kids/parents saw the real deal (about 15-20ish years ago) some of the Long Island private (and much more expensive) colleges were left in the dust. But I’ll bet there is still a nagging thought amongst some along the lines of, “How can it be much better if it is much cheaper?”.
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Post by newfieguy74 on Mar 28, 2024 10:13:06 GMT -5
The message seems to be: Yes, we're expensive but we're worth it, and we're also generous, so generous that we will make it possible to attend this life-changing institution.
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Post by rgs318 on Mar 28, 2024 10:16:32 GMT -5
That $90,000 annual amount is frightening. Even more frightening is the cost of secondary school. My old high school now charges more in tuition than HC used to back in the day (when I went to that high school it cost $35/month = $350 a year),
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Post by rgs318 on Mar 28, 2024 10:21:29 GMT -5
BTW, be careful judging "quality" by price. There have been multiple studies that asked people to judge the quality of an item (wines being the most common). All people were shown was the price of the item. People almost always judged the most expensive to be the best...even though the same wine was in every glass! I do look from time to time at the return on investment (roi) studies with multiple variables used. In those, HC seems to do very well.
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Post by hcpride on Mar 28, 2024 10:22:40 GMT -5
A financial advisor once told the parents of my kids graduating class that you're better off being poor than saving every penny when it comes to college. We all know very few pay sticker price for college. I'm convinced schools like BU, Tufts and Wellesley see these prices as a badge of honor. IMO it's time to either require colleges to keep costs down or lose federal funding and be prepared to pay taxes. They are no longer non-profits. Im not sure about the poor part but many years ago a very smart guy told me not to bother scraping and saving for my girls’ eventual college bill because it would be gobbled up in any case. I have to say, for me it worked.
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Post by Tom on Mar 28, 2024 20:20:52 GMT -5
IMO it's time to either require colleges to keep costs down or lose federal funding and be prepared to pay taxes. They are no longer non-profits. On some level I would say they are non-profits because they don't control costs. It used to be you shoved two kids in a 10 X 10 room that was practically a cell (unless of course you were in a torpedo room in Carlin or Alumni). Now, at least the upperclassmen, have a similar room, and also a common room only shared with two other people, and a bath an a kitchenette for that group pf 4. That costs money. Our former neighbor and Assumption coach is getting 9.5 million down in LSU. Only $340 per undergrad, but that's just one employee
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Post by dadominate on Mar 29, 2024 7:20:50 GMT -5
My daughters will learn to be a plumber and an electrician. They'll have a contracting business and be tasked to build the next dorm for all the lunatics that can actually afford to pay for college in 12 years. and they'll have less debt, earn more money, and have more professional autonomy than the vast majority of the graduates of said colleges. although my hope is that higher ed gets the gutting it needs (and deserves), which seems to be in the works in may ways by the time your kids and mine graduate high school. p.s. - should probably read "afford *or want to* pay for college".
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Post by longsuffering on Mar 29, 2024 14:35:15 GMT -5
Colleges that are not selling out their current athletic venues are paying $50-100 million for new palaces that will be used sparingly and where attendance will gradually revert to the true demand.
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Post by hc6774 on Apr 24, 2024 7:13:22 GMT -5
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Post by nhteamer on Apr 24, 2024 9:57:04 GMT -5
College cost is the biggest redistribution of wealth scheme in the country.
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Post by alum on Apr 24, 2024 10:32:48 GMT -5
College cost is the biggest redistribution of wealth scheme in the country. I don't know. I think that the creation of Medicare providing a way for older Americans to have joint replacement surgery might redistribute more wealth to orthopaedic surgeons.
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Post by Sons of Vaval on Apr 24, 2024 19:17:06 GMT -5
College cost is the biggest redistribution of wealth scheme in the country. Definitely one of the bigger scams going around these days.
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Post by alum on Apr 24, 2024 20:33:06 GMT -5
College cost is the biggest redistribution of wealth scheme in the country. Definitely one of the bigger scams going around these days. What’s the scam? The cost of college or the redistribution of wealth via need based financial aid? Any thoughts about redistribution of wealth via merit money to those who can afford to pay full sticker price?
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Post by longsuffering on Apr 24, 2024 21:29:17 GMT -5
Definitely one of the bigger scams going around these days. What’s the scam? The cost of college or the redistribution of wealth via need based financial aid? Any thoughts about redistribution of wealth via merit money to those who can afford to pay full sticker price? "From each according to his ability, to each according to his needs." -Karl Marx Holy Cross has a balancing act similar to the log rollers on the old ABC Wide World of Sports. Log Rolling was among my favorite sports along with the ice skating barrel jumpers. HC has to use merit money to compete for elite achievers and need money to stay in the club of colleges that meet complete demonstrated family need of every accepted student. How do they do it? My limited anecdotal experience is they overestimate how much families can realistically afford to pay thus underestimating their need for financial aid, perhaps especially for the cohort of applicants who HC needs to admit to meet their enrollment goals but whose HS transcript and test scores don't cause corks to be popped in O'Kane Hall.
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Post by Sons of Vaval on Apr 24, 2024 21:30:00 GMT -5
Yes, the cost of college is the scam.
The other scam are colleges admitting full pay kids who might not be academically qualified for the college.
Given what we’ve seen transpire on college campuses in recent years, I’m becoming more and more convinced degrees from a lot of colleges are cheapened. This is venturing into the political sphere (apologies), but isn’t it quite the commentary on the state of higher education when Columbia’s tuition is $90K and is now going virtual because they need to allow their campus get overrun by people who are pro-Hamas.
When I see this — scam.
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