WHOA! USC went over $90,000 a year startling this fall!

[Anonymous]

Anonymous wrote:This country is failing.

The cost of a college education (even at state schools) has gotten way out of hand.

They sharp spike upward in cost which isn't even remotely close to the pace of salaries is crazy.

Once the fed loan program came in and schools found out people would just borrow, borrow and borrow some more...the tuitions started spiking. And colleges started to become like country clubs with huge sports centers and coffee bars and luxury dorms, etc. I had a dorm room without air conditioning, that was bare bones and the cafeteria which was equivalent to my public high school cafeteria. Now these kids can get health shakes and have 50 different lunch options.

+1, the colleges look more and more like expensive resorts now.. Given that they are trying to appeal more to students, luxury facilities is one way to do it. I am sure if parents were primary decision makers, the colleges would invest much less in fancy facilities.

[Anonymous]

Anonymous wrote:

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Anonymous wrote:I’d pay $400,000 today for a USC or Columbia, NYU, for a guaranteed admit for junior DS.

These three schools have something in common…

https://www.wsj.com/articles/nyu-college-graduate-parent-student-loans-11639618241

https://www.wsj.com/articles/usc-online-social-work-masters-11636435900

https://www.wsj.com/articles/financially-hobbled-for-life-the-elite-masters-degrees-that-dont-pay-off-11625752773

These are not unique to these schools.

Master's in social work pouring in $$?
These people made poor choices.
You can only blame yourself.

They shouldn’t have been allowed to take out loans for that much. You do know that the those govt loans will never be paid back in full?

Or as a society, or at least Columbia for one, can decide we need social workers. And they can decide that a degree in social work should cost less. So how about the school reduce tuition?

A masters in social work at Columbia or NYU is for a trust fund kid who wants to work a little. It is not for someone who actually needs a career to pay the bills (including student loans). A generation or two ago, that was clear to everyone but a bye product of these schools pushing for diversity and first gen college access is the marketing influencing people who would have known better years ago.

Asian immigrant here, genuine question - why do we need full fledged degrees in Social Work that cost $$$'s? Can't social work knowledge acquired by an elective class, enrichment lectures, internships ?

No more than practicing medicine can be acquired that way.

[Anonymous]

Oh hell no. Off our list!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’d pay $400,000 today for a USC or Columbia, NYU, for a guaranteed admit for junior DS.

These three schools have something in common…

https://www.wsj.com/articles/nyu-college-graduate-parent-student-loans-11639618241

https://www.wsj.com/articles/usc-online-social-work-masters-11636435900

https://www.wsj.com/articles/financially-hobbled-for-life-the-elite-masters-degrees-that-dont-pay-off-11625752773

These are not unique to these schools.

Master's in social work pouring in $$?
These people made poor choices.
You can only blame yourself.

They shouldn’t have been allowed to take out loans for that much. You do know that the those govt loans will never be paid back in full?

Or as a society, or at least Columbia for one, can decide we need social workers. And they can decide that a degree in social work should cost less. So how about the school reduce tuition?

A masters in social work at Columbia or NYU is for a trust fund kid who wants to work a little. It is not for someone who actually needs a career to pay the bills (including student loans). A generation or two ago, that was clear to everyone but a bye product of these schools pushing for diversity and first gen college access is the marketing influencing people who would have known better years ago.

Asian immigrant here, genuine question - why do we need full fledged degrees in Social Work that cost $$$'s? Can't social work knowledge acquired by an elective class, enrichment lectures, internships ?

You can work as a social work with a BS in social work (usually offered by state schools).

It depends on the state and the low pay is even lower.

State schools offer master's in social work. You'd be foolish to do it at Columbia for NYU except if you can full pay. No one cares where you get your degree.

USC is a choice. CA has plenty of affordable state schools.

[Anonymous]

Schools like this are nothing but finishing schools for the rich. Which is fine! Let them have that. But drop any guise of meritocracy.

There is a steep drop in financial aid offered by HYPSM vs other “meets need schools,” by the way.

[Anonymous]

Anonymous wrote:My DS was accepted by USC in 2019 with neither merit nor financial aid. He decided to attend UVA instead and will graduate in May. DH and I will give him 100K and a tesla model 3 as graduation gifts from the savings of not attending USC. 90k/yr tuition is absolutely nut, imho.

It would be, if it were tuition.

[Anonymous]

Anonymous wrote:Oh hell no. Off our list!

Off everything except instate

[Anonymous]

Anonymous wrote:My DS was accepted by USC in 2019 with neither merit nor financial aid. He decided to attend UVA instead and will graduate in May. DH and I will give him 100K and a tesla model 3 as graduation gifts from the savings of not attending USC. 90k/yr tuition is absolutely nut, imho.

If only there were some sort of clue as to why colleges think they can charge so much?

[Anonymous]

Anonymous wrote:

Anonymous wrote:My DS was accepted by USC in 2019 with neither merit nor financial aid. He decided to attend UVA instead and will graduate in May. DH and I will give him 100K and a tesla model 3 as graduation gifts from the savings of not attending USC. 90k/yr tuition is absolutely nut, imho.

If only there were some sort of clue as to why colleges think they can charge so much?

If DS got into USC, we'd pay that, get him a car (absolutely not a Tesla) and a downpayment on a house, just like we've done with his older siblings (who went to different colleges). So what's your point?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My DS was accepted by USC in 2019 with neither merit nor financial aid. He decided to attend UVA instead and will graduate in May. DH and I will give him 100K and a tesla model 3 as graduation gifts from the savings of not attending USC. 90k/yr tuition is absolutely nut, imho.

If only there were some sort of clue as to why colleges think they can charge so much?

If DS got into USC, we'd pay that, get him a car (absolutely not a Tesla) and a downpayment on a house, just like we've done with his older siblings (who went to different colleges). So what's your point?

That's rich. Both of you are extremely rich... but now back to normal people who cannot afford all that.

[Anonymous]

Anonymous wrote:There is a category of schools that is largely defined by mediocre rich kids.

Sure -- but that is not USC. Really bright, really rich kids. They define most of the privates in the top 40.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My DS was accepted by USC in 2019 with neither merit nor financial aid. He decided to attend UVA instead and will graduate in May. DH and I will give him 100K and a tesla model 3 as graduation gifts from the savings of not attending USC. 90k/yr tuition is absolutely nut, imho.

If only there were some sort of clue as to why colleges think they can charge so much?

Why they can charge so much? It costs a lot to run a school and also to pay for merit aid for the other kids. They are not making a profit. Even at 90k they get some funding from endowment.

[Anonymous]

Anonymous wrote:[list]I believe that’s a first for an institution breaking into the 90s? I don’t know how MC and UMC families like us can afford this (mine went in-state - we received no merit and no financial aid and even then it was a struggle). By my calculations (inflation only) my slac should now be $28k but it is $83k. $90k a year is mind-boggling

Actually, this was quite foreseeable. I remember 20 years ago when a coworker visited a financial advisor to set up a college tuition plan for his two year old. The advisor told my coworker that it would cost him $300,000 for send his kid to his alma mater. His alma mater is a a private, not top 30 university, that is only deemed “respectable” by most DCUM cognoscenti. The advisor was pretty much on the money. The school’s total cost on its website today is just short of $83,000.

[Anonymous]

Anonymous wrote:Oh hell no. Off our list!

At best it is 2-5k over other schools. That is what makes the difference?

[Anonymous]

If USC can get someone to pay that, good for them. It is just business.