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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The bottom line is that very few people outside of Northeastern and Mid-Atlantic upper middle class areas have heard of these schools.  There are so many other options that people are interested in—higher ranked slacs and, of course, big state universities.  It’s great that attendance at one of these places seems to have helped get some folks here where they wanted to be in life—wealthy or whatever.  But it is what it is in terms of name recognition and prestige.  Not much of either.[/quote]

[b]I’ve never even thought of applying to a school like Colby, and my son didn’t apply to any school like that, but I think it’s a mistake to evaluate a SLAC education solely in terms of financial ROI based on the full list price.

One obvious reason to go to a place like Colby is that the quality of a bachelor’s degree from there is obviously on par with the quality of a bachelor’s degree from the University of Virginia. for most families, the net cash cost of attendance for those schools will probably be similar to, or lower than, the full out-of-state cost of attendance for a state flagship. That means that, for students in states with a weak state flagship, the quality-adjusted ROI for a Colby class college might be a pretty good.

A second reason is that, for a student who’d love a Colby-class college and feel lost at a University of Alabama-class school, maybe going to a Colby type college would increase the likelihood of the student ending up with a bachelor’s degree by, say, 10 percent. If the value of a bachelor’s degree is about an average of $25,000 per year over 40 years, or $1 million over the course of a career, the 10 percent increase in the likelihood of a kid actually graduating could easily be worth $100,000, or paying $25,000 in extra tuition money per year.[/b]
[/quote]

Thank you for your thoughtful and reasonable post.  Unfortunately, you are clearly too sane, rational and fair-minded to continue to be allowed to post on this thread.  Farewell and godspeed to you.  [/quote]

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