Friday May 17 2013
Here is another article on the cost of college.
Your take?
Professor Elam
Accounting & Investing Info for San Antonio A & M
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5 responses to “The Cost of College”
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College seems to have become “big business.” I say this because I have a 16 year old son who gets no less than 3 pieces of mail on a daily basis from colleges across the US. Colleges he will never even consider attending like those in New Hampshire… Washington… send him large envelopes stuffed with literature boasting about their programs and how well he will fit in with their campus culture. it’s ridiculous how much these Universities spend promoting their schools. How many students do they send these out to? There are hundreds of thousands of 16 year olds in the US. Do they send one to everyone and at what cost? It does seem that US colleges have some issues with spending that they gladly pass on to us in the form of tuition costs. But I don’t know that I would agree with the author of the article in saying all US colleges are a rip off.
I think most students realize what our education is going to cost and their will be some sacrifices to pay in the future for the student loans we take today. For most of us this is our only option…. we don’t live under a social policy that will give us a free higher education and we gladly accept that for the hope of a better future.LikeLike
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To the writer of this article:
I won’t try and not send my daughter to college. What would be the alternative to Author Arends article? Not go to college or bring down cost? If you are trying to bring down cost, bad mouthing college is the wrong way to do so. I believe education matters. You have to have that level of education in this world these days with competing countries that are fighting for jobs at lower cost. My daughter will not be spending 40 thousand a year for college, that I can guarantee you. Debt, I don’t think so. Community college to start, and state college (hoping UT) to finish. And to top it off, we are not the 1%, not even close, just hard working American parents who are passing that on to our child. Skip college cause someone else (not us) is willing to pay 40 thousand a year, please! I don’t think so, because that will not be me or my child. You skip college, and I’ll make sure my child goes to college. That is a gamble with odds I am willing to take on any day.
Thank you.
GilbertLikeLike
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As always Gilbert has raised several good issues in his post, I will devote a longer post using his example of starting at CC on how to achieve a worthwhile degree and keeping costs down at the same time. I am off to the eye doctor today so It will be tomorrow
Thanks Gil!LikeLike
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Liz
Marketing textbooks feature a product life cycle, clearly college is now very very late in its life cycle with alternatives sprouting every day. Good examples of NE colleges over reaching and probably receiving very little return for such mailings, I will post tomorrow on thisLikeLike
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This is a delightful read. I am only a bit angry that i found your blog so late in 2013. Definitely one of the best accounting blogs around.
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Professor Elam 
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