Reply to UMC How Do I get a Good Deal Tuition?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. What I think is absurd is that I could pay a tutor 200 dollar per hour 18 hours a week/ 10 months a year and that would be only $36,000.  It seems insane to pay that amount to be in a large classroom- so I don't understand the math of how colleges manage their money [b]but I'm thinking there's a big subsidy that full pay parents give[/b].[/quote]

Schools have endowments which they use to fund expenses, as well.

[b]If you pay a tutor 200 dollar per hour 18 hours a week/ 10 months a year and that would be only $36,000 - but you have no overhead, no facilities, no athletic program, no admissions office, no insurance coverage.  The list goes on.[/b]

OP, you are wasting time and energy thinking about whether you've got yours.  If you want a school that will offer small class sizes for your DD and you want to pay no more than $X per year, then you need to focus your efforts on finding such schools.  RE small class sizes, focus on SLACs, and RE money, focus only on schools that offer merit aid.  (Merit aid is finances-blind; you could be a billionaire and that is not part of the consideration for the award.)

The book [u]The College Solution[/u] is an excellent place to start.  Also look at [u]Colleges That Change Lives[/u].[/quote]

Not to mention that the tutor won't have the expertise of a professor.

Sure if you're kid is attending Big U and being taught by grad students, it would be a more apt comparison.  But real professors (especially at SLACs) actually teach students and are paid a hell of a lot more than $36K.

You're also not taking into account benefits, funding for the outside research, labs (they're led by a professor at my SLAC), office hours etc.

OP if you really think you'd get the same benefit from a tutor, then "homeschool" your kid.  [/quote]

That $416K per year if that's all the professors did 40*52*200
Doubt that most are making that much even with benefits[/quote]

You need to add in the entire cost of your yearly household expenses (unless you are planning on your kid being a commuter).  The kid needs to have a dorm room, the dorm has to be cleaned, the kid has to have food, the lawns  need to be mowed, the snow needs to be removed.  And a typical professor makes about $150,000/year.

if you look at "exhibit 9" at http://mgaleg.maryland.gov/pubs/budgetfiscal/2017fy-budget-docs-operating-R30B22-University-of-Maryland,-College-Park.pdf, you can see how the budget at UMD works.[/quote]

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