General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCollege Tuition in 18 years from now: $130K A YEAR private, $41K a year public
http://finance.yahoo.com/news/college-tuition-look-18-years-131235673.htmlWhat College Tuition Will Look Like in 18 Years
By Stephanie Landsman | CNBC 6 hours ago
It's not just the nation heading for a fiscal cliff.
Soaring education costs could end up rupturing your nest egg-and bring your child to the brink of bankruptcy before he even gets his first job.
Even the top one percent may get a panic attack from the latest projected tuition rates.
Campus Consultants Founder and President Kal Chany figured out what college will likely cost by 2030 based on inflation rates. He wrote the book "Paying for College Without Going Broke."
The findings? In 18 years, the average sticker price for a private university could be as much as $130,428 a year (See chart.) The situation isn't much better if you go the public route. Sending your child to a state university could set you back at least $41,228 a year.
pnwmom
(108,955 posts)about $50K a year at private colleges -- which has happened, right on schedule.
So these predictions should be taken very seriously.
renate
(13,776 posts)I just don't see how America could remain one of the top economic powers in the world, let alone #1 or #2, if this happens to education here while other nations are making it a priority.
riderinthestorm
(23,272 posts)If you base the future price on the past 25 year history, the cost will be much higher than $41k in 2030 if we're already seeing $30k for in-state public university kids today.
College will become a luxury item that only the very elite can swing... taking us back 150 years when privilege bought your station in life, and merit or intelligence weren't part of the equation.
riderinthestorm
(23,272 posts)Hearing real numbers and seeing how much it really is costing to get a college degree now is too difficult for those who want to blame the students for their debt instead of our deeply flawed funding for higher education system?
An evening kick...
Zalatix
(8,994 posts)Whose side are we on about this issue, the students or the those who are blaming the students?
riderinthestorm
(23,272 posts)They've taken the "wrong major" or they were stupid about borrowing or they didn't read the fine print or they went to a too expensive school....
Thanks gawd we haven't had any go to Mitt's extreme "they should have simply cashed in their stock portfolios...." but some of the finger pointing at students is pretty bad.
The fact is that college is now pretty damn well unaffordable. If your career choice requires college you have to go into debt these days and a lot of it if you don't have parents or family to support you.
And its only going to get worse. If we don't howl and make it a big issue now (when it already IS basically unaffordable), well, your OP demonstrates that pretty soon we are going to have an even bigger crisis.
Zalatix
(8,994 posts)Puzzledtraveller
(5,937 posts)I wonder if it is from the mistaken beliefe that institutions of higher learning can do no wrong in that noble pursuit. The univeristy heads and academia having some natural immunity from blame. We see a similar thing when it comes to health care also. It has to be collusion between the institutions and the lenders, the colleges and the banks.
sendero
(28,552 posts)... college costs are seriously constrained by what can be afforded. When it gets to the point that people wno't make these huge college loans to 90% of folks, college costs will moderate.
Zalatix
(8,994 posts)Employers demand college degrees, and are demanding them in greater percentages as time goes on.
People who simply cannot college degrees, 2 decades from now, will simply be culled from the workforce. They won't get access to even very many minimum wage jobs.
That's the end result of a perpetual employer's market.
.... see.
FarCenter
(19,429 posts)All the basic introductory courses can be delivered over the net using standardized, low-cost courses and automated testing.
Zalatix
(8,994 posts)Fumesucker
(45,851 posts)You can teach any number of people just about anything with the right software/video/audio/ai feedback/teachermail/live help.
The limitation to what someone can learn is more their curiosity than any other single thing, the curious person with web access can learn a great many things and far more could be done to help them.
FarCenter
(19,429 posts)...
Three classes will launch on March 12 Design and Analysis of Algorithms, Natural Language Processing and Cryptography. Two more, Game Theory and Probabilistic Graphical Models, are scheduled to launch on March 19.
Demand has been strong; total enrollment in the five new classes is nearly 335,000.
Last fall, 356,000 people from 190 countries expressed interest in one or more of the first three classes offered, and approximately 43,000 successfully completed a course. Participants came from as close as Stanford's Palo Alto campus and as far away as Ghana, Peru, Russia and New Zealand.
http://news.stanford.edu/news/2012/march/online-courses-mitchell-030612.html
Gidney N Cloyd
(19,819 posts)cheap to deliver by partner colleges and virtually eliminate the text book cost to students.
The weird thing to date, though, is how the big online "colleges" with little brick and mortar overhead to figure in are still bleeding the students. So it's not all about fancy buildings, big name faculty, and the latest technology driving costs. There are other factors at play...
FarCenter
(19,429 posts)The other factor is that they want to price online high in order to make money to support the bricks and mortar campus.
But a few of the more prestigious institutions are experimenting with non-degree credentials.
FarCenter
(19,429 posts)My recollection is that most courses had a quiz weekly, a test every few weeks, and mid-quarter and quarterly exams. The latter were typically 2 hours long. Some courses also required turning in lab reports and homework.
Don't colleges and universities require this anymore?
Zalatix
(8,994 posts)What I'm reading here, with lectures, exercises and tests and whatnot, is just rote memorization.
Rote memorization is not all of what constitutes learning.
Fumesucker
(45,851 posts)Eventually the brain mechanism will be puzzled out and interfaced, beyond that it's really pointless to speculate what will be done with it other than for purposes of entertainment, ie science fiction.
merbex
(3,123 posts)We have one more semester for my youngest at a public university - our oldest knows now that they SHOULD have gone to our state's public university.
Those figures seem very accurate from what I remember was projected 21 years ago when we had our youngest.
Beyond sucks....it is outrageous.
ceile
(8,692 posts)since the 50s to NOT go to college. My nephew is 6 and the twins are newborns. I don't see how my sis and her hubby will be able to afford it. Heck, I know I won't be able to send my kids (when I have them) because of my own crushing student loan debt. Of course I hope they all get a higher education, but it's so discouraging when you see #s like that.