Reply to I'm glad I bought in the VA prepaid

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]College of William & Mary is raising their tuition 14% this year

http://www.washingtonpost.com/local/education/william-and-mary-raises-in-state-tuition-for-new-students/2013/04/19/ef3132d6-a8fd-11e2-a8e2-5b98cb59187f_story.html

I know Prepaids don't have as high a rate of return, but they way tuition keeps getting jacked up, I'm glad I've locked in my rate. (Before someone flames, I know my kids may not get into W&M, but it seems to be a trend across state institutions.)[/quote]

Good for you but I think the trend of dramatic tuition increases is over. [/quote]

I don't think that's as true for state schools.  Some, like W&M and UVA, get very little funding from the state.  They are capped on the number of OOS students they can take, who are already paying close to private college rates.  So increases are more likely to hit in state students.  And schools who are even more dependent on state funding for their budget are probably more vulnerable to state budgets cuts, and the difference will have to be made up in tuition.

I think private colleges will have to moderate tuition increases or substantially change the model (maybe moving to a 3 year undergrad program, which is certainly being talked about in some places) to make the ROI calculation worthwhile.  It's hard to improve efficiency in the current education model without doing something significantly different.  All of that will be too late for my kids who are already in college or on deck.[/quote]

I don't think you read the article all the way through. What William & Mary did was an anomaly -- it fundamentally changed its tuition model. That wasn't a COL increase. Miami University in Ohio did something similar a few years ago.

UVa's increase was like 4%. The days of annualized 8, 9, 10% at state schools are done. So then the question becomes can you get a better return by investing yourself. For a long time, the answer to that was undoubtedly no. Now, I'm not so sure.[/quote]

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