Tufts enters ‘$50G Club’
University graduates to most-expensive Bay State school
By Jerry Kronenberg
Tuesday, November 3, 2009 -
Tuesday, November 3, 2009 -
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ShareTufts University has dethroned Boston College as Massachusetts’ costliest school, but both institutions and seven other Bay State colleges have joined the “$50,000 Club” - universities charging $50,000 or more per year.
“Even in a recession, (tuitions) continue to go up,” said Brad Wolverton of the Chronicle of Higher Education, which yesterday reported that the $50,000 Club has grown to 58 U.S. schools from just five in 2008.
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I don't get it, at what point does it become not worth going to college and BTW, it's time to end the non-profit status. The professors and admins are getting paid way too much. Time for them to join the taxable status the rest of us enjoy.
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Report AbuseThis is a huge problem for so many people. There is a mindset that all kids sould have this \"college experience\" and so many borrow all this money. While college is important where do you draw the line? The ones that borrow this money will never get out from under these loans.
These overpriced colleges are the biggest scam going today. For years their tuition increases have exceeded the inflationary rate. Greedy administrators and teachers are overpaid. Good luck to the suckers, I mean students, finding a professor once he's granted tenure. These universities are like the hackerama with ivy covered walls.
These colleges are out of control. The tuition is only a part of what it actually costs. They charge the students for everything from copies to mandatory meal plans on top of the tuition. Not to mention they own every apartment building within walking distance.
College tuitions have increased much faster than the cost of living for the past several decades. The schools are aware of the fact that when tuitions are raised the government(taxpayers) is forced to increase tuition aid money that is available for students. It is a never ending cycle. What we need is a investigation by Congress to determine why this price gouging is allowed to continue.
as long as people are willing to pay $50K it will continue to go up. its a matter of demand. globally there is a huge pool of students that want to go to these schools and are willing to pay the $$$$. BTW, many students are not taking out loans. Daddy pays the full $200K along with buying Muffy a brand-new BMW because god forbid she drive around in anything less than a luxury car at 20 years old.
d The UK has "gap year" -- the kids take a year off before going to university. Good idea! Make the kids -- and parents -- think twice before shelling out their hard-earned $$$ on an over-priced college.
$50,000 bad enough, but with the economy the way it is (and if daddy isn't footing the bill) how will the grads ever be able to pay their loans off when they can't get a job? A $200,000 Diploma, even if in a fancy frame, is not exactly a Picasso!
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