Reply to As schools near $100K/year when will that affect the pool of students?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just read on another post that someone is paying $95K/year for USC. 
Several kids from my kids' schools are starting there this fall.
 
I know most on DCUM can pony up $400K for 4 years but how many people like this are really out there?
I also know these schools have 40% (or whatnot) that pay $0/year. 
[b]At what point will the price of some of these schools begin to effect the size of their applicant pool?[/b]
Either because people don't have the cash or say "that is insane--screw it". [/quote]

When you’re no longer allowed to take out Parent Plus Loans up to the cost of attendance. NYU & USC graduates are #1 for PPL debt.[/quote]

Or how about when the schools are on the hook when people default on loans? At the moment, the schools risk nothing when they jack up costs.[/quote]

Why would they do that?  They have no control over the outcome.  That will not happen.
[/quote]

Well, of course they wouldn't want to. But right now, colleges have ZERO skin in the game when it comes to tuition. They risk nothing if kids don't graduate or if they produce unemployable graduates. If we want to make college affordable, make them accountable as well. [/quote]

Colleges are there to provide your kid an education.  If your kid cannot manage to graduate, that's on your kid, not the school. Your kid needs to use the resources to ensure they graduate---and most school charging $75K+ have excellent resources for both assistance while in college and for job hunting.  However, they cannot magically make a job appear for an Russian Lit major who did not take any minors to help make them marketable, who didn't do any internships, and wants a job using just their Russian Lit major.  [/quote]

The education sector is in bed with the Democratic Party. It will never support institutional cost-cutting or higher-ed reform, because that would mean colleges would no longer have more admins than students.

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