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U of Chicago projected to be the first U.S. university to cost $100k per year

hechingerreport.org

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Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#3

And to think that the benefit of the education has not changed since when I attended a similar school for a total cost of $25,000 per year just 10 years ago.

Surely UofChicago did not cost so little 10 years ago? A factor of 4 in ten years does not seem realistic.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#4
post #3

And to think that the benefit of the education has not changed since when I attended a similar school for a total cost of $25,000 per year just 10 years ago.

Surely UofChicago did not cost so little 10 years ago? A factor of 4 in ten years does not seem realistic.

It looks like the parent went to a different school than UofC.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#5
post #3

And to think that the benefit of the education has not changed since when I attended a similar school for a total cost of $25,000 per year just 10 years ago.

Surely UofChicago did not cost so little 10 years ago? A factor of 4 in ten years does not seem realistic.

It was $39,381 in 2009, $58,230 in 2019 [1]. These are tuition-only, exclusive of room & board, books, etc.

The $100k figure is a projection for 2025.

[1] https://www.collegetuitioncompare.com/trends/university-of-c...

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#6
post #3

And to think that the benefit of the education has not changed since when I attended a similar school for a total cost of $25,000 per year just 10 years ago.

Surely UofChicago did not cost so little 10 years ago? A factor of 4 in ten years does not seem realistic.

From here: https://news.uchicago.edu/story/university-announces-increas...

"The total cost of undergraduate education for the 2010-11 school year will be $53,244; of that amount, tuition is $40,188, and the remaining $13,056 is for room, board and fees. For about 60 percent of students, that cost is significantly reduced through need- or merit-based aid. And for the 49 percent of undergraduate students receiving need-based aid, the average amount of grant assistance from all sources, though not yet final, will be more than $35,000 per student in the coming year."

So you are correct.

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#7
One thing I find crazy is the very same institutions that are generally very left leaning, decry income inequality, and espouse generally liberal views then turn around and having tuition costs that having been rising at rates so far above inflation.

Student debt is a major issue in the US and the ever increasing costs of tuition are a MAJOR culprit in pushing this crisis. Where are these costs coming from? How can you politically espouse free college while ratcheting up tuition costs?

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#8
Honest question from an outsider: how realistic would it be for the government to stop guaranteeing student loans over a "public university" (community college?) level threshold? What are the unintended secondary effects? Would it help curb wild-growth of tuition fees?

Re: U of Chicago projected to be the first U.S. university to cost $100k per year

#9

Honest question from an outsider: how realistic would it be for the government to stop guaranteeing student loans over a "public university" (community college?) level threshold? What are the unintended secondary effects? Would it help curb wild-growth of tuition fees?

It probably depends, more than anything else, on how much lobbying money is available to help convince our friends at Capitol Hill to keep the gravy train rolling.
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