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College and University Discussion
Reply to "colleges approaching $80-90k per year"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]At what point will people finally admit college is overpriced and stop paying? https://www.cbsnews.com/news/ivy-league-tuition-90000-per-year-prices-just-keep-going-up/ And before you try to claim that that is just sticker price and no one actually pays that amount, many families actually do have to pay gargantuan college costs because they make slightly too much to qualify for the bulk of financial aid, yet aren't rich enough to afford it in cash. The ROI is dwindling every single year when much of this knowledge can be learned at community colleges, online for free or for a fraction of the cost, and you can checkout books for free from a local library. The median HHI the US is $71k, yet college fees are now exceeding the entire yearly HHI. Patently absurd. But at least the kids get country club level amenities and tons of admins make 6 figure salaries. Interest rates have been rising due to the central bank, so students taking out loans to pay for this disaster will be kneecapped for even longer. Such a terrible ROI. [/quote] Most companies won’t hire anyone without a 4 year degree. Their application will be dropped from consideration. That’s why parents care so much about merit money if students don’t qualify for grants, merit money is their only option. [/quote] And most companies will have starting salaries for colleges grads around $60k or below. The ROI decreases by the day as total costs are going to approach $100k soon.[/quote]
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