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(Today)   New York University now ranked as the most expensive college in the U.S. at $247,000 for an undergraduate degree, not including the cost of framing   (today.com) divider line 56
    More: Interesting, New York University, New York, undergraduate degree, Dartmouth, College Board, Business Insider  
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1334 clicks; posted to Business » on 13 Jul 2013 at 10:57 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-07-13 09:51:26 AM
Don't want to pay that because you don't think that it is worth it?  Then don't go there.
 
2013-07-13 10:01:08 AM

bronyaur1: Don't want to pay that because you don't think that it is worth it?  Then don't go there.


The only one on that list that can plausibly justify its cost is Harvey Mudd. The rest are insane given likely career outcomes.

/let people default on student loans and the problem will fix itself
 
2013-07-13 10:30:12 AM
Holy shiat!!  And I almost went there.  Guess I should be glad they waitlisted me and I had to go elsewhere.   *not amused*   Their grad program was EXCELLENT, though :(
 
2013-07-13 10:53:12 AM
Huh. They actually beat my school by $10,000. Ish. Depending on how you calculate costs.
 
2013-07-13 11:01:37 AM

b2theory: bronyaur1: Don't want to pay that because you don't think that it is worth it?  Then don't go there.

The only one on that list that can plausibly justify its cost is Harvey Mudd. The rest are insane given likely career outcomes.

/let people default on student loans and the problem will fix itself


images4.wikia.nocookie.net
 
2013-07-13 11:10:44 AM
Only rich international students pay full price.
 
2013-07-13 11:24:56 AM
Bard College at Simon's Rock, $60,003

Just go to the one in Skyrim, all you have to do is go fetch a lute and you're in.
 
2013-07-13 11:38:27 AM
For people who have more money than brains and want to be educated beyond their intelligence.
 
2013-07-13 11:40:44 AM
The liberals in NYC are clearly concerned about the average American being able to afford a higher education in pursuit of enriching their lives.
 
2013-07-13 11:41:31 AM
I do wonder what the net costs are when you factor in scholarships and such.  At the college I went to I think 99% of students got some kind of scholarship from the school.  I think I got roughly a third and a half off (which of course did not float with rising tuition) and most people I knew got at least a quarter off.  That having been said, even if you got half off that NYU tuition it would still be more than full price where I went.
 
2013-07-13 11:43:47 AM
Pffft, that's nothing, just take out a student loan to cover the cost. It's worth it.
 
2013-07-13 11:44:59 AM

ReapTheChaos: Bard College at Simon's Rock, $60,003

Just go to the one in Skyrim, all you have to do is go fetch a lute and you're in.


Yeah but you can't really be a bard in Skyrim. If you go to Simon's Rock you might actually get to sing in taverns.
 
2013-07-13 11:50:03 AM
Well...

Today I learned that there are morons that will pay $250K for an undergrad.  I thought evolution was supposed to breed people like this out.
 
2013-07-13 11:59:41 AM
of course tuition is that much.

how else can NYU afford to lend millions of dollars (and later forgive the loans) to faculty members who want to buy second homes?

http://www.nytimes.com/2013/06/18/nyregion/nyu-gives-stars-loans-for -s ummer-homes.html?pagewanted=all&_r=0
 
2013-07-13 12:19:10 PM
"Between 1982-1983 and 2012-2013, tuition and fees for a private four-year college education rose 167 percent, and the price tag for a public four-year education climbed 257 percent"

That's horrible that the costs for public schools outpaced private schools. I went to a community college and the fees were ridiculous. Take away the fees, and the cost for the classes were reasonable.
 
2013-07-13 12:25:00 PM
The school so nice they named it twice.
 
2013-07-13 12:38:07 PM
Of course. Gotta pay the exorbitant salaries of the university administration.
 
2013-07-13 12:40:03 PM
I turned down NYU dental school because the projected four year cost (in 2001) was $275,000. I had a feeling the actual cost would have been north of $300,000. No thank you.
 
2013-07-13 12:45:29 PM

b2theory: bronyaur1: Don't want to pay that because you don't think that it is worth it?  Then don't go there.

The only one on that list that can plausibly justify its cost is Harvey Mudd. The rest are insane given likely career outcomes.

/let people default on student loans and the problem will fix itself


I agree, if private lenders or the universities themselves eat the default and not taxpayers. Otherwise all you've done is stuck innocent parties with the bill.
 
2013-07-13 12:53:28 PM

Oniamien: I do wonder what the net costs are when you factor in scholarships and such.  At the college I went to I think 99% of students got some kind of scholarship from the school.  I think I got roughly a third and a half off (which of course did not float with rising tuition) and most people I knew got at least a quarter off.  That having been said, even if you got half off that NYU tuition it would still be more than full price where I went.


A third + one half of one third = one half.
or
A third + a half = five sixths.

/fractions
 
2013-07-13 12:54:52 PM

qorkfiend: Of course. Gotta pay the exorbitant salaries of the university administration.


necir-bu.org
 
2013-07-13 01:00:59 PM

HempHead: qorkfiend: Of course. Gotta pay the exorbitant salaries of the university administration.

[necir-bu.org image 634x401]


Very nice.  Now what do those numbers mean?
 
2013-07-13 01:15:50 PM

Bondith: HempHead: qorkfiend: Of course. Gotta pay the exorbitant salaries of the university administration.

[necir-bu.org image 634x401]

Very nice.  Now what do those numbers mean?


headcount growth rates?
 
2013-07-13 01:21:11 PM

dumbobruni: Bondith: HempHead: qorkfiend: Of course. Gotta pay the exorbitant salaries of the university administration.

[necir-bu.org image 634x401]

Very nice.  Now what do those numbers mean?

headcount growth rates?


Administrative Positions Skyrocket at Massachusetts Colleges and Universities
 
2013-07-13 01:35:50 PM

ReapTheChaos: Bard College at Simon's Rock, $60,003

Just go to the one in Skyrim, all you have to do is go fetch a lute and you're in.


The spoonier, the better.
 
2013-07-13 01:40:00 PM
Went to grad school there. Yup, it was stupid expensive. Thankfully I think I got out with paying only ~$70k.
 
HBK
2013-07-13 02:21:58 PM
Sarah Lawrence? Really? That place is barely a college. It's more like a four year summer camp for drama kids, smelly kids, and kids who fling poop on the ground and call it "art."
 
2013-07-13 02:34:51 PM

skinink: dumbobruni: Bondith: HempHead: qorkfiend: Of course. Gotta pay the exorbitant salaries of the university administration.

[necir-bu.org image 634x401]

Very nice.  Now what do those numbers mean?

headcount growth rates?

Administrative Positions Skyrocket at Massachusetts Colleges and Universities


Not really a huge surprise given that services that colleges have to offer to stay competitive equally have grown.   Precious little snowflakes want their University iPhone App to tell them when their transit bus is arriving to pick them and take them to campus,  so they can get in a quick workout at the rec center on the $7000 PreCor machine before they go to class.
 
2013-07-13 02:46:29 PM

InmanRoshi: skinink: dumbobruni: Bondith: HempHead: qorkfiend: Of course. Gotta pay the exorbitant salaries of the university administration.

[necir-bu.org image 634x401]

Very nice.  Now what do those numbers mean?

headcount growth rates?

Administrative Positions Skyrocket at Massachusetts Colleges and Universities

Not really a huge surprise given that services that colleges have to offer to stay competitive equally have grown.   Precious little snowflakes want their University iPhone App to tell them when their transit bus is arriving to pick them and take them to campus,  so they can get in a quick workout at the rec center on the $7000 PreCor machine before they go to class.


I think you have a misunderstanding about what college administrators do
 
2013-07-13 03:03:20 PM
Obsessing about the cost of private colleges deflects attention from the real problem: the rising cost of public colleges.
 
2013-07-13 03:47:44 PM

mcreadyblue: InmanRoshi: skinink: dumbobruni: Bondith: HempHead: qorkfiend: Of course. Gotta pay the exorbitant salaries of the university administration.

[necir-bu.org image 634x401]

Very nice.  Now what do those numbers mean?

headcount growth rates?

Administrative Positions Skyrocket at Massachusetts Colleges and Universities

Not really a huge surprise given that services that colleges have to offer to stay competitive equally have grown.   Precious little snowflakes want their University iPhone App to tell them when their transit bus is arriving to pick them and take them to campus,  so they can get in a quick workout at the rec center on the $7000 PreCor machine before they go to class.

I think you have a misunderstanding about what college administrators do


It probably depends on who is counted in "executive, administrative, and managerial staff."  Given that the only other options are faculty and part-time staff, would IT departments be considered administrative?  Because I can see why they've grown a hell of a lot since 1987.  What about international education departments?  Schools are recruiting way more international students and hiring people to work with them.  I can see a lot of departments that the university I worked at has added or expanded since 1987 that are administrative and not teaching: Athletics, General Counsel, Building Services (more buildings more services), Center for Business and Economic Development, Distance Education, Alternate Route Licensure Program, Human Resources, Intensive English Program, Reading and Academic Success Center, and the Sexual Assault Prevention Program.  All of those have been created or expanded in the last 25 years and most of them employ no faculty.

I'd be more worried about the spike in part-time positions because that means you're just getting adjuncts teaching a lot of classes and not professors.
 
2013-07-13 04:14:27 PM
If you want it much much cheaper you need to frame someone else...
 
2013-07-13 04:26:24 PM
Nearly 70% of NYU's faculty are adjuncts. These students are morons.
 
2013-07-13 05:05:10 PM

b2theory: bronyaur1: Don't want to pay that because you don't think that it is worth it?  Then don't go there.

The only one on that list that can plausibly justify its cost is Harvey Mudd. The rest are insane given likely career outcomes.

/let people default on student loans and the problem will fix itself


I don't know a single person who went to U of C or Northwestern who complained about the price (and I know a lot of people who went to those two).

Nor have I heard complaints from the Dartmouth, Wesleyan, USC, Hopkins, or CMU alums.  But I only know a handful from each of those.
 
2013-07-13 05:05:21 PM

thornhill: Obsessing about the cost of private colleges deflects attention from the real problem: the rising cost of public colleges.


Which is mainly due to cutbacks in state funding. Not difficult to figure out.
Still, my undergrad (class of 2012) cost me less than $8000. How is that? Like this:

1. State school, SDSU (upper division) + community college, Cuyamaca CC (lower division).
2. California, home of some of the lowest in-state tuition rates in the country.
3. Pell grants + Governor's waiver at community college (extra money, tuition and mandatory fees waived, income based)
4. Pell grants + small scholarship @ SDSU (Pell covered tuition and fees, scholarship covered books)
5. Profit (job started last spring @ 60k)

And this is with an AS degree from the CC and a BA degree from State. Most of that $8k was spent on transportation, printing and art supplies.

There are even programs here that will help you with housing and food while you're going to community college if you're poor enough, but I don't know if those were cut back too. When I went to Cuyamaca (pronounced "Coo-ya-ma-ka") tuition was $27 a unit... it's still under $50 a unit, even with cutbacks. For the time I was working on my degree, I was poor. Very poor. As in almost sleeping in my 1998 car when I wasn't on a friend's couch poor. Good part is when you're that close to the bottom there's more help for you than you know. You just have to resign yourself to having nothing for a time while getting something else that will last you forever.

But it can be done, and I have the diplomas to prove it.
 
2013-07-13 05:55:20 PM
It's not sexy but going to a good community or junior college and then transferring to a state university isn't the worst thing in the world.  I got a scholly to a juco, lived with family for two years and actually pocketed some cash the first two years.  I then went to a good state school for 2 1/2 years and had my tuition paid for by a scholarship.

Families are paying way too much for their kids to have the college experience.  The education is not getting any better.
 
2013-07-13 06:55:48 PM
F*cking insane.
 
2013-07-13 07:26:23 PM
Holy fark. RPI tuition etc. has jumped by a factor of six in 30 years...and they haven't even won a national hockey title since '85.

 

picturescrazy: If you go to Simon's Rock you might actually get to sing in taverns.


There's more taverns near the regular Bard.
 
2013-07-13 08:21:09 PM

bacongood: b2theory: bronyaur1: Don't want to pay that because you don't think that it is worth it?  Then don't go there.

The only one on that list that can plausibly justify its cost is Harvey Mudd. The rest are insane given likely career outcomes.

/let people default on student loans and the problem will fix itself

I don't know a single person who went to U of C or Northwestern who complained about the price (and I know a lot of people who went to those two).

Nor have I heard complaints from the Dartmouth, Wesleyan, USC, Hopkins, or CMU alums.  But I only know a handful from each of those.


I have several friends and family members that went Ivy League or similar. All of them had their parents paying their way. I understand why you would go if you have no financial skin in the game. The reputation of the school means something in some circles(not as many as you think). You would be crazy not to go.

If you were paying your own way you are a fool. Dartmouth's own studies have shown that there is zero increase in financial outcomes for people who have the ability to go to these schools and choose to go to a less selective(more cost efective) school. There is nothing special in the water.


The reality is that the only school on that list that is truly exceptional is Harvey Mudd.
 
2013-07-13 09:14:58 PM

rugman11: mcreadyblue: InmanRoshi: skinink: dumbobruni: Bondith: HempHead: qorkfiend: Of course. Gotta pay the exorbitant salaries of the university administration.

[necir-bu.org image 634x401]

Very nice.  Now what do those numbers mean?

headcount growth rates?

Administrative Positions Skyrocket at Massachusetts Colleges and Universities

Not really a huge surprise given that services that colleges have to offer to stay competitive equally have grown.   Precious little snowflakes want their University iPhone App to tell them when their transit bus is arriving to pick them and take them to campus,  so they can get in a quick workout at the rec center on the $7000 PreCor machine before they go to class.

I think you have a misunderstanding about what college administrators do

It probably depends on who is counted in "executive, administrative, and managerial staff."  Given that the only other options are faculty and part-time staff, would IT departments be considered administrative?  Because I can see why they've grown a hell of a lot since 1987.  What about international education departments?  Schools are recruiting way more international students and hiring people to work with them.  I can see a lot of departments that the university I worked at has added or expanded since 1987 that are administrative and not teaching: Athletics, General Counsel, Building Services (more buildings more services), Center for Business and Economic Development, Distance Education, Alternate Route Licensure Program, Human Resources, Intensive English Program, Reading and Academic Success Center, and the Sexual Assault Prevention Program.  All of those have been created or expanded in the last 25 years and most of them employ no faculty.

I'd be more worried about the spike in part-time positions because that means you're just getting adjuncts teaching a lot of classes and not professors.


that's a pretty good list and if I may add a few more: Student Life director(s) and staff, career counseling, child care service(s), institutional effectiveness director, retention specialist(s), institutional research and planning, grants office...
 
2013-07-13 09:28:51 PM
Wow. I graduated NYU in 2002, and paid $100k (thanks mom and dad!). NYU is what this book call a "designer school". It's not so much about the traditional prestige of the academics like the Ivies (although it does have topnotch academics) but the "glamour" of being there that makes it so competitive. And people are willing to pay top dollar for it.

I can understand why. I hated the whole "campus" vibe at traditional colleges. I had an amazing experience at NYU though.

I can also say that unless my kid was planning to be an engineer or something, I wouldn't send him or her to a school that expensive.
 
2013-07-13 09:50:34 PM

MaxSupernova: It's not sexy but going to a good community or junior college and then transferring to a state university isn't the worst thing in the world.  I got a scholly to a juco, lived with family for two years and actually pocketed some cash the first two years.  I then went to a good state school for 2 1/2 years and had my tuition paid for by a scholarship.

Families are paying way too much for their kids to have the college experience.  The education is not getting any better.




Did you mean state facility instead of school?
 
2013-07-13 10:21:13 PM
There's this thing called the "discount rate".  A University's stated tuition is almost never what a student pays; in fact, because of their large endowments, some of the most 'expensive' Universities are nowhere near that in actuality, because of the substantial discounts the give to admitted students.

Here is a better list.
 
2013-07-13 10:39:21 PM
Is there actually any undergrad degree you could get there where the salary difference for your future job would be high enough to justify that much in tuition (when compared to graduates from others schools)?
 
2013-07-14 12:40:20 AM

rewind2846: thornhill: Obsessing about the cost of private colleges deflects attention from the real problem: the rising cost of public colleges.

Which is mainly due to cutbacks in state funding. Not difficult to figure out.
Still, my undergrad (class of 2012) cost me less than $8000. How is that? Like this:

1. State school, SDSU (upper division) + community college, Cuyamaca CC (lower division).
2. California, home of some of the lowest in-state tuition rates in the country.
3. Pell grants + Governor's waiver at community college (extra money, tuition and mandatory fees waived, income based)
4. Pell grants + small scholarship @ SDSU (Pell covered tuition and fees, scholarship covered books)
5. Profit (job started last spring @ 60k)

And this is with an AS degree from the CC and a BA degree from State. Most of that $8k was spent on transportation, printing and art supplies.

There are even programs here that will help you with housing and food while you're going to community college if you're poor enough, but I don't know if those were cut back too. When I went to Cuyamaca (pronounced "Coo-ya-ma-ka") tuition was $27 a unit... it's still under $50 a unit, even with cutbacks. For the time I was working on my degree, I was poor. Very poor. As in almost sleeping in my 1998 car when I wasn't on a friend's couch poor. Good part is when you're that close to the bottom there's more help for you than you know. You just have to resign yourself to having nothing for a time while getting something else that will last you forever.

But it can be done, and I have the diplomas to prove it.


What?!? No it's not! It's pronounced "kwee-yah-mack-ah"

/SDSU class of 2006; graduated debt-free
//going back to UW to for PharmD, it'll put me back about $100K
 
2013-07-14 12:57:57 AM

ReapTheChaos: Bard College at Simon's Rock, $60,003

Just go to the one in Skyrim, all you have to do is go fetch a lute and you're in.


To be fair, Simon's Rock includes a mandatory 20% gratuity for the babysitter.
 
2013-07-14 02:10:42 AM
Mike Chewbacca:

What?!? No it's not! It's pronounced "kwee-yah-mack-ah"

/SDSU class of 2006; graduated debt-free
//going back to UW to for PharmD, it'll put me back about $100K


Feh. Been here since 1998. Live in east county. They pronounce it "Coo-ya-ma-ca" out here. So there.
 
2013-07-14 02:26:20 AM
If a bachelor's is not going to be your terminal degree then choosing a really expensive undergrad school doesn't seem to be the wisest choice. My brother went to Suny-Albany for his undergrad and then went to Ross/U. of Mich. for his MBA, which one do you think mattered most when he was job hunting? I am guessing that if you are getting a doctorate that you undergraduate degree matters even less.
 
2013-07-14 06:12:59 AM

AngryDragon: Well...

Today I learned that there are morons that will pay $250K for an undergrad.  I thought evolution was supposed to breed people like this out.


Evolution doesn't keep making things better and better, it just adapts them to current conditions. So with a large supply of idiots with too much money, colleges evolved to prey on them.

/progress!
 
2013-07-14 06:43:42 AM
Those who can do. Those who can't teach become administration staff in a ballooning bureaucracy.
 
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