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Monday, August 24, 2009

College board drivel about cost of college

This is the kind of drivel that keeps getting printed about college. Granted certain colleges and majors provide good value – but this is far from universal. Try and show me the data that demonstrates the payback for a “Sociology degree” that costs a student and her family $200,000.

And keep in mind that most of the $143 billion in student aid discussed is simply debt that sticks with the individual for life or until they find a way to pay it off.

If one gets a practical degree (like engineering or accounting) from the State college at a reasonable cost, lives at home and gets the degree completed in 4 years or less, college can pay substantial dividends. But borrowing $100,000 to get a degree in “Sexual and Gender Issues” is unlikely to pay off.

Let’s get real! Here is what they have to say.....

“2008-09 College Prices
Keep Increases in Perspective
There's no escaping the fact that college prices are rising. According to recently released reports from the College Board, most students and their families can expect to pay, on average, from $108 to $1,398 more than last year for this year's tuition and fees, depending on the type of college.

But there is good news. There is more than $143 billion in financial aid available. And, despite all of these college price increases, a college education remains an affordable choice for most families.”


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